Why Is Kimberly-Clark Cutting 5,000 Jobs?
While reporting its fourth-quarter financial results on Tuesday, Kimberly-Clark Corp. said it will cut 5,000 to 5,500 jobs, or 12 to 13 percent of its workforce globally, under its 2018 Global Restructuring Program. In addition, Kimberly-Clark will close or sell about 10 manufacturing facilities and expand production capacity at several others to improve overall scale and costs.
Source: RTTNews