iwegasely.wordpress.com
The reduction includes 600 employees who accepted voluntary severance packages earlierthis year. Irving, Texas-based Kimberly-Clarkj (NYSE: KMB) said the cuts will save $150 millionn annually. About 750 jobs will be cut in the Unitedd States with other reductions occurring in Europe and othefrinternational locations. The layoffsd will affect salaried and nonproduction the company does not plan to closes any of its manufacturing facilities as part ofthe Kimberly-Clark said. Further details of the including specificlocations impacted, were not disclosed. The compan y added that it willrecorx $140 million to $150 million in charges related to the layoffs.
Kimberly-Clar k attributed the cuts to a changing business environment that has forced the organizatiohn tostreamline expenses. "These actions, whild difficult, are necessary to help us emerge from this demandinhg economic environment as astronger company," said Tom Kimberly-Clark chairman and CEO. "Throughg these changes we will be a moreeffectived organization, with faster decision-making helpiny to drive efficiency throughout all aspects of our In addition, by increasing our cash generation, we will be in a bettere position to take advantage of futurw growth and innovation opportunities.
" Kimberly-Clark has 53,000 employees Those affected by the staffing reductionw will leave the company in June and July, a spokesma for Kimberly-Clark said.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment