The Irving, Texas-based consumer goods maker said it would incur about $1.5 billion in related costs over the next three years. Cash costs are expected to be about half of that amount, it said in a filing without disclosing the number of jobs it would cut. The restructuring comes at a time when the company is seeing benefits from its consistent price hikes wane and inflation-stricken customers pull back on purchasing its pricier products.
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