Town and Country Based Energizer Reportedly Cutting 1,500 Jobs

According to the St. Louis Post-Dispatch, Town and Country based Energizer Holdings Inc. plans to reduce its global workforce by more than 10 percent. However, it's still unclear how many local employees will be affected.

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The article states that the downsizing will include closing three manufacturing plants and impact about 1,500 employees.

The plan is reportedly part of company-wide restructuring that is estimated to save Energizer approximately $200 million in annual pre-tax savings.

In August, Energizer announced it would begin reviewing its operations after slow battery sales and increased competition, according to the Post-Dispatch.

(Read the complete St. Louis Post-Dispatch article here.)