NEW YORK (Bloomberg) — Bermuda-based Cooper Industries Ltd., the maker of Halo-brand lighting, said it increased its planned workforce reductions to more than 2,200 jobs globally as economic conditions deteriorated.

The increased job cuts, from an earlier target of more than 1,000, resulted in a fourth-quarter restructuring charge of $35.7 million, compared with an earlier estimate of as much as $22 million, the Houston-based company said yesterday in a Business Wire statement.

The company said 2009 profit from continuing operations will decline to $2.45 to $2.80 a share, from $3.59 last year, as revenue slips as much as 15 percent. First-quarter profit from continuing operations will be 45 cents to 65 cents on a 10 percent to 15 percent sales decline, Cooper said. Profit from continuing operations fell last quarter to 65 cents from 98 cents a year earlier.

"The global recession resulted in weakness in all of our markets and geographies," chief executive officer Kirk Hachigian said in the statement. "As the quarter progressed, the credit crisis deepened with the economic deterioration in the US and Europe spreading around the world."

Cooper's shares have lost 38 percent in the past year. The company had 31,504 employees as of the end of 2007, according to Bloomberg data.