Newell Brands, the consumer goods company that features Marmot, Coleman, Campingaz and Contigo in its portfolio of brands, is consolidating its five operating segments into three and eliminating approximately 13 percent of its office workforce headcount this year. The total cost of the actions is pegged at $100 to $130 million, with annualized savings, when completed, estimated at $220 to $250 million. Other restructuring plan initiatives include streamlining the company’s real estate and centralizing the supply chain functions of manufacturing, distribution, transportation, and customer service. 

Newell’s new operating segments are Home & Commercial Solutions, Learning & Development, and Outdoor & Recreation. Jim Pisani is the segment CEO for Outdoor & Recreation.

The company is scheduled to report Q4 and FY22 results on Feb. 10.