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Kimberly-Clark to cut 5,000 jobs
Kleenex-maker Kimberly-Clark its to cut at least 5,000 jobs and close or sell 10 manufacturing plants in a move affecting 12% of its workforce.
The company said the restructure would streamline its supply chain, saving at least $500m by the end of 2021, in addition to a further $1.5bn of cost reductions. Chief executive Thomas J Falk said the restructure, which is expected to cost as much as $1.9bn by 2020, will make Kimberly-Clark “leaner, stronger and fas