Colgate-Palmolive announces new three-year productivity program

The company announced a new three-year productivity program to drive future growth and support the company’s 2030 strategy. The program includes initiatives to better align the company’s organizational structure to support its strategic initiatives, optimize the company’s global supply chain to drive agility and efficiencies and simplify and streamline its organizational structure to reduce overhead costs. The productivity program is projected to result in cumulative pre-tax charges, once all initiatives are approved and implemented, totaling between $200 and $300 million over the course of the three-year program. It is expected that substantially all charges resulting from the productivity program will be incurred by December 31, 2028.