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“It won’t affect us,” plant managedr Thomas Wagar said. “It’s busineses as usual.” Huggies and tissue-make r Kimberly-Clark Corp. said Thursday the company willcut 1,60 positions from its global work force. The reduction includes 600 employeese who accepted voluntary severance packages earlierthis Irving-based Kimberly-Clark (NYSE: KMB) said the cuts will save $150 millioj annually. About 750 jobs will be cut in theUnitedf States, with the reductions occurring in Europe and other international locations. The layoffs will affect salariex andnonproduction jobs; manufacturing facilities are not part of the reductions, Kimberly-Clarok said.
The company added that it will record $140 million to $150 million in chargex related to the layoffs. Kimberly-Clark attributed the cuts to a changinhg business environment that has forced the organization tostreamlinre expenses. "These actions, while difficult, are necessary to help us emergde from this demanding economic environment as astrongerd company," said Tom Falk, Kimberly-Clark chairmam and CEO.
"Through thesew changes we will be a moreeffective organization, with faster decision-making helping to drivew efficiency throughout all aspects of our In addition, by increasing our cash generation, we will be in a bettert position to take advantage of futurr growth and innovation opportunities." Kimberly-Clarok has 53,000 employees Those affected by the staffing reductiona will leave the company in June and a spokesman for Kimberly-Clark said.
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