BUZZ-Newell Brands up after Sharpie maker announces 900 job cuts
Shares of Newell Brandsup about 2% at $3.72The Sharpie maker will cut 900 jobs, or 3.8%, of its global workforce and take up to $90 million in restructuring chargesThe restructuring effort is expected to bring in annualized cost savings of about $110 million to $130 millionCo says it will close about 20 Yankee Candle stores in the U.S. and Canada by January next yearIncluding session’s moves, NWL down 63% YTD
Shares of Newell Brands (NWL.O) up about 2% at $3.72
The Sharpie maker will cut 900 jobs, or 3.8%, of its global workforce and take up to $90 million in restructuring charges
The restructuring effort is expected to bring in annualized cost savings of about $110 million to $130 million
Co says it will close about 20 Yankee Candle stores in the U.S. and Canada by January next year
Including session’s moves, NWL down 63% YTD
