Kimberly-Clark, the maker of Huggies diapers and Kleenex tissues, will cut 1,600 jobs, or 3 percent of its worldwide workforce, by the end of the year.
Kimberly-Clark has a major manufacturing operation in Conway, Arkansas.
The company said that its workforce reductions will come from “all regions and business segments” of Kimberly-Clark's global operations. Salaried and non-production jobs will be affected, but the company does not plan to close any of its manufacturing facilities as part of these actions.
“These actions, while difficult, are necessary to help us emerge from this demanding economic environment as a stronger company,” Chairman and CEO Tom Falk said in a statement. The company’s net income has declined for six straight quarters.
Kimberly-Clark’s worldwide workforce totaled 53,000 at the end of last year. A company spokesman said that most of the positions being cut are currently filled.
Reprinted with permission from
TalkBusiness.net
