Sharpie, Rubbermaid Maker Cutting 7% of Office Jobs Globally

Newell Brands, the producer of Sharpie, Rubbermaid, and other well-known products, is cutting seven per cent of its office workforce.

What’s happening at Newell Brands?

In a recent news release, Newell Brands announced an “organizational realignment” consisting of several changes, including:

• Standing up a cross-functional brand management organization
• Realigning business unit finance to fully support the new global brand management model
• Further simplifying and standardizing regional go-to-market organizations
• Centralizing various teams, including retail sales, manufacturing quality, and digital technology

“Through the organizational design changes, we expect to maximize accountability and ownership of financial results, drive consistency in how we work, reduce overhead cost structure and complexity, while investing in the capabilities we need to win,” President and CEO Chris Peterson said in the release.

“These actions will enable the company to operate with greater speed and agility. We appreciate our employees’ continued efforts during this transition as we take the difficult but necessary actions to strengthen and reshape the organization for sustainable, long-term competitive advantage and value creation.”

The consumer goods company added that it plans to “further optimize” its real estate footprint and pursue other cost-saving initiatives.

“Restructuring and related charges associated with these actions are estimated to be in the range of $75 million to $90 million and are expected to be substantially incurred by the end of 2024,” the release reads.

Impact on Canadian staff

It remains unclear if Canadian office workers will be let go by Newell Brands.

According to the company’s LinkedIn page, it employs more than 240 people in Canada.

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