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2018-01-24 — thehill.com
The company said the restructuring initiative, which the company was planning to undertake regardless of the tax law's passage, will involve reducing its number of employees by about 5,000 to 5,500 people, or 12 to 13 percent of its workforce. Kimberly-Clark also said it plans to close or sell about 10 manufacturing facilities.Â
The announcement contrasts with other businesses, such as Starbucks and Walmart, that have said that they will increase wages or issue bonuses in the wake of the tax law. President Trump signed the law in late December.
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