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Re: Kimberly-Clark to use savings from tax cuts to pay for layoffs  

By: ribit in FFFT3 | Recommend this post (3)
Fri, 26 Jan 18 4:37 AM | 74 view(s)
Boardmark this board | Food For Further Thought 3 		Msg. 40505 of 65535
(This msg. is a reply to 40488 by clo)
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Kimberly-Clark to use savings from tax cuts to pay for layoffs

The company said the restructuring initiative, which the company was planning to undertake regardless of the tax law's passage

...that's not what the article says now is it.




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The above is a reply to the following message:
Kimberly-Clark to use savings from tax cuts to pay for layoffs
By: clo in FFFT3
Thu, 25 Jan 18 5:54 AM 		Msg. 40488 of 65535

Go Trump!

Kimberly-Clark to use savings from tax cuts to pay for layoffs
BY NAOMI JAGODA - 01/24/18 12:29 PM EST

Kimberly-Clark — maker of brands such as Kleenex, Scott and Huggies — said the savings it receives from the new tax-cut law will help them pay for a restructuring program that includes layoffs.

The company said the restructuring initiative, which the company was planning to undertake regardless of the tax law's passage, will involve reducing its number of employees by about 5,000 to 5,500 people, or 12 to 13 percent of its workforce. Kimberly-Clark also said it plans to close or sell about 10 manufacturing facilities.

more:
http://thehill.com/policy/finance/370498-kimberly-clark-to-use-savings-from-tax-cuts-to-pay-for-layoffs

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