Colgate to cut 6 percent of workforce in 4 years

New York-based Colgate-Palmolive, on average, offers nine weeks of fully,paid maternity leave. According to Working Mother, "Anyone who works 17-1/2 hours per week merits health insurance, which includes unlimited coverage for in vitro and other fertility treatments. Expectant mothers can take two fully paid weeks off before giving birth, then spend another 21 weeks at home with their babies, earning partial pay." Special section: Eye on Parenting Special section: Back to School Working Mother 100 Best Companies Best companies for working moms: Latest list
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NEW YORK Colgate-Palmolive (CL) will cut more than 2,310 workers, or 6 percent of its workforce, by the end of 2016 in a push to make the consumer products company more efficient.

Colgate wants to streamline global functions and said Thursday that it will continue to cluster single-country subsidiaries into regional hubs.

Savings for the program should total between $365 million to $435 million annually by the end of 2016.

The cuts were announced on the same day that the company posted a 2 percent increase in third-quarter net income as it ramps up advertising. Revenue slipped 1 percent.

Colgate-Palmolive Co. has 38,600 employees.