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

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

  1. Windparadox
    Offline

    Windparadox Gold Member

    Joined:
    May 3, 2017
    Messages:
    2,217
    Thanks Received:
    419
    Trophy Points:
    140
    Location:
    Northern WI.
    Ratings:
    +2,031
    `
    "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
    `
    `

    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.
     
    • Agree Agree x 3
    • Funny Funny x 3
    • Winner Winner x 2
    • Informative Informative x 1
  2. SassyIrishLass
    Offline

    SassyIrishLass Diamond Member

    Joined:
    Mar 31, 2009
    Messages:
    46,472
    Thanks Received:
    13,076
    Trophy Points:
    2,250
    Ratings:
    +78,917
    Many of P&G's problems are self inflicted by Lafley. He turned it around in 2000 but is struggling in his return
     
    • Thank You! Thank You! x 1
    • Agree Agree x 1
  3. andaronjim
    Offline

    andaronjim Gold Member

    Joined:
    May 6, 2015
    Messages:
    9,881
    Thanks Received:
    1,382
    Trophy Points:
    290
    Ratings:
    +8,246
    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).
     
    • Funny and Agree!! Funny and Agree!! x 7
    • Agree Agree x 2
    • Funny Funny x 1
    • Winner Winner x 1
  4. depotoo
    Offline

    depotoo Gold Member

    Joined:
    Sep 9, 2012
    Messages:
    23,228
    Thanks Received:
    5,089
    Trophy Points:
    280
    Ratings:
    +14,240
    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.
     
    • Thank You! Thank You! x 1
  5. Sunni Man
    Offline

    Sunni Man Diamond Member

    Joined:
    Aug 14, 2008
    Messages:
    45,778
    Thanks Received:
    6,657
    Trophy Points:
    1,860
    Location:
    Patriotic American Muslim
    Ratings:
    +24,108
    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:
     
    • Agree Agree x 15
    • Winner Winner x 3
    • Funny and Agree!! Funny and Agree!! x 1
  6. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    10,967
    Thanks Received:
    1,218
    Trophy Points:
    245
    Ratings:
    +4,168
    Rome was neither built nor burnt a day.
     
    • Funny and Agree!! Funny and Agree!! x 1
  7. Marion Morrison
    Offline

    Marion Morrison Gold Member

    Joined:
    Feb 10, 2017
    Messages:
    20,560
    Thanks Received:
    3,967
    Trophy Points:
    290
    Ratings:
    +21,222
    Considering their existence came about to cash in on the already established Pampers market, eh. :dunno:
     
  8. TNHarley
    Offline

    TNHarley Diamond Member

    Joined:
    Sep 27, 2012
    Messages:
    50,302
    Thanks Received:
    7,408
    Trophy Points:
    1,830
    Ratings:
    +48,823
    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..
     
    • Agree Agree x 4
    • Thank You! Thank You! x 2
    • Funny and Agree!! Funny and Agree!! x 1
    • Winner Winner x 1
  9. DrLove
    Offline

    DrLove Gold Member

    Joined:
    Jun 15, 2016
    Messages:
    4,741
    Thanks Received:
    690
    Trophy Points:
    245
    Location:
    Boise, ID
    Ratings:
    +3,536
    A dollar gets ya ten that Trump won't tweet about this, but if he does ... he'll blame Obama an Democrats! :D
     
    • Agree Agree x 2
  10. SassyIrishLass
    Offline

    SassyIrishLass Diamond Member

    Joined:
    Mar 31, 2009
    Messages:
    46,472
    Thanks Received:
    13,076
    Trophy Points:
    2,250
    Ratings:
    +78,917
    It's typical business...nothing to do with any president
     
    • Agree Agree x 2

Share This Page

Search tags for this page

huggies 5000 job loss