Kimberly-Clark To Cut Up To 5,500 Jobs, Close Or Sell Manufacturing Facilities

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.

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