NEWELL BRANDS INC. (NWL): restructuring charge — Newell Brands announces global productivity plan: cut ~900 jobs, close 20 Yankee Candle stores

NEWELL BRANDS INC.

Workforce reduction of ~900 employees (10% of professional/clerical); U.S. separations largely by end of 2025.
Closing ~20 Yankee Candle stores (~1% of brand sales) in U.S. and Canada, effective January 2026.
Expected annualized pre-tax cost savings of $110M to $130M once fully implemented.
Restructuring charges estimated at $75M to $90M, primarily cash severance, most by end of 2026.
Q4 net/core sales guidance now expected toward lower end of prior range due to slower Latin America recovery.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

NEWELL BRANDS INC. announced a restructuring with charges of approximately $75 million to $90 million affecting global productivity plan across the Company (approximately 10% globally (approximately 900 employees)).

Type: restructuring
Charge: approximately $75 million to $90 million
Affected area: global productivity plan across the Company
Headcount: approximately 10% globally (approximately 900 employees)

Exact text from the filing

The Company estimates that it will incur approximately $75 million to $90 million in restructuring and restructuring-related charges in connection with the Plan

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3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

NEWELL BRANDS INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-303185

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