Huggies' owner Kimberly-Clark to slash 5,000 jobs, close 10 factories

Discussion in 'Current Events' started by Windparadox, Jan 23, 2018.

  1. Windparadox
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    Windparadox Gold Member

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    `
    "Kimberly-Clark, the maker of Huggies diapers and Kleenex tissues, announced Tuesday it will cut about 13 percent of its workforce globally, or at least 5,000 jobs, in a bid to reduce costs as sales wane.The company plans to shutter or sell 10 of its 91 production factories worldwide. In all, it is anticipating more than $2 billion in cost cuts by 2021. About $1.5 billion will come from reducing costs within its business. An added $500 million to $550 million will come from the efforts to streamline its manufacturing supply chain and overhead."- Source
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    Cynically, this must be part of trumps plan for America. Considering all the jobs he supposedly saved at Carrier are now gone, it makes sense to assume this will be happening to all industries, under the trump regime. All labor intensive companies will experience the same thing. Loss of jobs.
     
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  2. SassyIrishLass
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    SassyIrishLass Diamond Member

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    Many of P&G's problems are self inflicted by Lafley. He turned it around in 2000 but is struggling in his return
     
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  3. andaronjim
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    andaronjim Gold Member

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    Well, if Planned Parenthood was closed, those 300,000 born and unborn babies would need diapers. But alas, those future democrat voters wont get a chance at life, and Huggies will have to cut its labor force.. Liberals hate everyone, even babies(who are punishment to women, Obama said it not me).
     
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  4. depotoo
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    depotoo Gold Member

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    Dallas-based Kimberly-Clark said it plans to shed $500 million to $550 million in costs before 2022 through a restructuring plan that involves "streamlining and simplifying its manufacturing supply chain and overhead."

    Chief Financial Officer Maria Henry said on a conference call that savings from the recent federal tax cut would help fund the cost reductions. It "provides us the flexibility" to do so, she said.

    The job cuts represent about 12% to 13% of the company's workforce. The company said it would expand production at "several" other sites.
    Kleenex, Huggies maker to cut up to 5,500 jobs, close 10 plants

    The company has been struggling. The tax cuts are helping save it.
     
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  5. Sunni Man
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    Sunni Man Diamond Member

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    Sometimes businesses lose market share due to mismanagement and are forced to downsize.

    To blame a company's internal problems on Pres, Trump is dishonest and idiotic. ..... :cuckoo:
     
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  6. william the wie
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    william the wie Gold Member

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    Rome was neither built nor burnt a day.
     
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  7. Marion Morrison
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    Marion Morrison Platinum Member

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    Considering their existence came about to cash in on the already established Pampers market, eh. :dunno:
     
  8. TNHarley
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    TNHarley Diamond Member

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    They lost a plant in venezuela. Got fined millions of dollars in columbia. Declining birthrate. Declining revenue for years.
    Whats real sad is, it doesnt surprise me some idiot could find some way to blame our president..
     
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  9. DrLove
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    DrLove Gold Member

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    A dollar gets ya ten that Trump won't tweet about this, but if he does ... he'll blame Obama an Democrats! :D
     
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  10. SassyIrishLass
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    SassyIrishLass Diamond Member

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    It's typical business...nothing to do with any president
     
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