Source: Salary.com
Kimberly-Clark closing two Wisconsin plants, cutting 600 jobs. (Milwaukee Journal Sentinel, 1/31/2018)
Kimberly-Clark previously announced a plan to cut as many as 5,000 jobs and to close or sell 10 plants globally. The job cuts represent about 12% to 13% of the company’s workforce.
No employee bonuses here.
Kimberly-Clark, which makes Kleenex, Huggies, Scott and Cottonelle, has about 1,100 employees in Georgia, mostly in the Roswell area as well as some at a plant in LaGrange. No word yet on whether many of them will be hit by the “restructuring” ax.
Maria Henry, the company’s chief financial officer, said in a recent call with analysts that benefits from tax reform provide “flexibility to continue to allocate significant capital to shareholders, while we also fund increased capital spending and our restructuring program over the next few years.”
(Atlanta Journal Constitution, 1/30/2018)
But don't cry for Thomas J. Falk, America.
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