Colgate Cuts 5,000 Jobs, Closes 1/3 Factories

Colgate Cuts Jobs to Increase Marketing Capacity: (in other words, no one buys our crap, so we need to convince them better)

"The program is expected to cost 550 to 650 million dollars after taxes. It aims to close factories and cut manufacturing jobs in an effort to free more money to invest in marketing and sales initiatives, according to the report."