News Summary: Colgate to cut 6 pct. of workforce

NEW YORK -- GETTING THE GATE AT COLGATE: Colgate-Palmolive will cut more than 2,310 workers, or 6 percent of its workforce, by the end of 2016

JUGGLING ACT: The layoffs are part of an overall restructuring plan. Colgate, which is based in New York and has 38,600 employees, wants to streamline global functions.

GLOBAL GROANS: Consumer product companies face a challenging global environment. They have increasingly looked outside of the U.S. to sustain growth but that has become problematic because of cooling growth in China and a financial crisis in Europe. The stronger dollar is also hitting companies that do business globally.