(RTTNews) – While reporting its fourth-quarter financial results today, Kimberly-Clark Corp. (KMB) announced a new global restructuring initiative, which includes job cuts in a range of 5,000 to 5,500, or 12 percent to 13 percent of current headcount, as well as the closure or sale of about 10 manufacturing facilities.
In addition, the company set a multi-year savings target to its ongoing cost savings program and raised its quarterly dividend by 3.1 percent.
Kimberly-Clark announced the new 2018 global restructuring program to reduce the company’s structural cost base by streamlining and simplifying its manufacturing supply chain and overhead organization.
The company expects the restructuring to generate annual pre…
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