The Coleman, Marmot and Ex Officio parent will spend up to $130 million this year in a major restructuring, with staff cuts beginning in the first quarter than could total about 13% of its office positions. Severance payments will account for up to $105 million in costs, with another $20 million to exit underutilized office space, and the rest for other charges such as employee transition and legal costs. Dubbed Project Phoenix, the reorganization is targeting annualized pre-tax savings of $220 to $250 million once the changes ... Log in to view full article.