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UpInArms

(51,295 posts) Tue Jan 23, 2018, 10:45 AM Jan 2018

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

Source: CNBC

19 Mins Ago | 00:43

Kimberly-Clark, the maker of Huggies diapers and Kleenex tissues, on Tuesday announced it will cut about 13 percent of its workforce globally, or at least 5,000 jobs, in a bid to cut 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.

For years, consumer companies have enjoyed what has been widely considered to be overly optimistic stock prices. Now, the companies are grappling with the reality of a new landscape.

These companies must find growth to match up with investors' expectations, but are faced with changing shopping habits and competitive pressures.

Read more: https://www.cnbc.com/2018/01/23/kimberly-clark-to-slash-5000-half-in-north-america-close-10-factories.html

14 replies

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Huggies' owner Kimberly-Clark to slash 5,000 jobs, close 10 factories (Original Post) UpInArms Jan 2018 OP

The wealthiest need more wealth and we're going to make it happen democratisphere Jan 2018 #1

BUT they are getting a wonderful tax cut! Iliyah Jan 2018 #2

the orange assholes job making machine continues to steam roll workers. nt Javaman Jan 2018 #3

The source of inherited wealth for Senselessbrenner elfin Jan 2018 #4

Can anyone explain this ?i read the article and it mentioned things like online sales JI7 Jan 2018 #5

Less babies being born and price of pulp going up. LeftInTX Jan 2018 #6

there's a fringe movement that uses 'family cloth' crazycatlady Jan 2018 #10

I would love to see an analysis of how many of these workers voted for tRump. I bet PLENTY. n/t BamaRefugee Jan 2018 #7

But...but...the Shitler tax cut for billionaires workinclasszero Jan 2018 #8

With all the Boomers reaching dotage The Wizard Jan 2018 #9

You think with tRump in office, Kimberly-Clark would be flying--they do make Depends. Julian Englis Jan 2018 #11

This is their press release jmowreader Jan 2018 #12

What does this mean to shareholders? Heartstrings Jan 2018 #13

The big market now is adult diapers FakeNoose Jan 2018 #14

democratisphere

(17,235 posts)

1. The wealthiest need more wealth and we're going to make it happen

Reply to UpInArms (Original post)

Tue Jan 23, 2018, 11:02 AM

Jan 2018

by getting rid of 13% of our employees and closing 10% of our factories.

Iliyah

(25,111 posts)

2. BUT they are getting a wonderful tax cut!

Reply to UpInArms (Original post)

Tue Jan 23, 2018, 11:05 AM

Jan 2018

Javaman

(62,534 posts)

3. the orange assholes job making machine continues to steam roll workers. nt

Reply to UpInArms (Original post)

Tue Jan 23, 2018, 11:45 AM

Jan 2018

elfin

(6,262 posts)

4. The source of inherited wealth for Senselessbrenner

Reply to UpInArms (Original post)

Tue Jan 23, 2018, 11:45 AM

Jan 2018

Apparently he sold off his legacy stocks that made him uber wealthy. His grandfather invented Kotex napkins.

http://archive.jsonline.com/news/wisconsin/96441179.html/

JI7

(89,289 posts)

5. Can anyone explain this ?i read the article and it mentioned things like online sales

Reply to UpInArms (Original post)

Tue Jan 23, 2018, 12:44 PM

Jan 2018

But wouldn't this company benefit from sales anywhere since they are sold in both ?

It did mention some amazon brand but i can't see that hurting them much at this point.

Like, why would sales of tissues go down ? I guess with diapers i can ser people turning to non disposable or organic and other things but the article didn't mention any of this.

LeftInTX

(25,809 posts)

6. Less babies being born and price of pulp going up.

Reply to JI7 (Reply #5)

Tue Jan 23, 2018, 01:06 PM

Jan 2018

(Read it another article)

crazycatlady

(4,492 posts)

10. there's a fringe movement that uses 'family cloth'

Reply to JI7 (Reply #5)

Tue Jan 23, 2018, 05:15 PM

Jan 2018

Cloth TP.

I also know bidets are on the rise.

BamaRefugee

(3,488 posts)

7. I would love to see an analysis of how many of these workers voted for tRump. I bet PLENTY. n/t

Reply to UpInArms (Original post)

Tue Jan 23, 2018, 03:30 PM

Jan 2018

workinclasszero

(28,270 posts)

8. But...but...the Shitler tax cut for billionaires

Reply to UpInArms (Original post)

Tue Jan 23, 2018, 03:58 PM

Jan 2018

was going to cure all this!

The Wizard

(12,556 posts)

9. With all the Boomers reaching dotage

Reply to UpInArms (Original post)

Tue Jan 23, 2018, 04:27 PM

Jan 2018

you'd think they would need more workers to keep up with the demand.

Julian Englis

(2,309 posts)

11. You think with tRump in office, Kimberly-Clark would be flying--they do make Depends.

Reply to UpInArms (Original post)

Tue Jan 23, 2018, 05:18 PM

Jan 2018

I would have thought all the tRump fans would be wearing his brand of undergarmet.

jmowreader

(50,594 posts)

12. This is their press release

Reply to UpInArms (Original post)

Tue Jan 23, 2018, 05:41 PM

Jan 2018

http://investor.kimberly-clark.com/releasedetail.cfm?ReleaseID=1054978

They showed a one-percent sales increase in 4Q17 and a "slight" increase in FY17. In the face of less-expensive store brands for everything they make, that's not a bad performance...but they probably want five percent, and without inventing a Whole New Line of Products No Home Is Complete Without, that won't happen because how many rolls of toilet paper, diapers and tampons does a family really need?