By KENNEDY GRIFFIN
(South Deerfield, MA) Newell Brands, owner of Yankee Candle, will be closing their corporate office in South Deerfield and cutting 13% of their office employees throughout the company.
Newell Brands CEO Ravi Saligram announced Monday that the brand will be restructuring for efficiency purposes, calling the initiative “Project Phoenix.” South Deerfield employees who are impacted by these changes were notified by email Monday.
In his statement, Saligram said “There’s no sugar coating this news. We will have to part with colleagues who we value and enjoy working with. There are very talented employees who will be leaving Newell…we are doing all we can to help their transitions, including comprehensive separation packages.”
The corporate office closure in South Deerfield does not affect the distribution, manufacturing, or retail stores in this location.
The restructuring initiative affects more than the South Deerfield location, the Florida corporate office is also closing. Full details can be found in the announcement here.