Kimberly Clarke Lays Off Thousands Following Tax Reforms.

HayJenn

Moderator
Jul 2014
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CA
#2
Likes: 3 people
Jan 2014
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California
#4
Five and a half thousand to be precise. These layoffs follow on from the recent tax cuts. Everything that's happening in the US economy is down to the tax cuts, isn't it?

https://www.nytimes.com/2018/01/23/...lights&contentPlacement=1&pgtype=sectionfront
Poor Mr. Mouse. Too bad you choose not to read your own link:

"The reduction of as much as 13 percent of its staff comes as part of a years long effort to cut expenses"

"Kimberly-Clark said it would close or sell about 10 manufacturing facilities and sell some low-margin businesses, focused on making tissues, that generate only 1 percent of net sales."

Kimberly-Clark’s net income was $617 million in the fourth quarter of 2017, an increase of 22 percent compared with the same period the year before.
 
Feb 2010
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between Moon and NYC
#5
Well hey, apparently 125,000 Disney employees will get a one time bonus of 1K

I'm sure that will more than make up for 550,000 losing their jobs right?
Believe the number is 5000. Not half a million.

The cuts will come from 10 plants across 56 counties. Currently don't have the details on how many (if any) will be impacted in the US.
 
Likes: 1 person

Babba

Former Staff
Jul 2007
71,215
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So. Md.
#6
Poor Mr. Mouse. Too bad you choose not to read your own link:

"The reduction of as much as 13 percent of its staff comes as part of a years long effort to cut expenses"

"Kimberly-Clark said it would close or sell about 10 manufacturing facilities and sell some low-margin businesses, focused on making tissues, that generate only 1 percent of net sales."

Kimberly-Clark’s net income was $617 million in the fourth quarter of 2017, an increase of 22 percent compared with the same period the year before.
The point, Mr. Knoetze, is that Trump was supposed to fix all the problems that manufacturers had under Obama and so many Trump supporters are touting all the economic success since Trump was elected and insist that any successes are to be attributed to Trump but anything that isn't so successful is either Obama's fault or just not anything to do with Trump. It's ridiculous.
 
Likes: 3 people
Sep 2014
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#7
Believe the number is 5000. Not half a million.

The cuts will come from 10 plants across 56 counties. Currently don't have the details on how many (if any) will be impacted in the US.
Damn! Trump tax cuts screwing up the economy in 56 countries.

Hehe.

Thread fail.
 

HayJenn

Moderator
Jul 2014
57,996
45,762
CA
#8
Believe the number is 5000. Not half a million.

The cuts will come from 10 plants across 56 counties. Currently don't have the details on how many (if any) will be impacted in the US.
Your right, 5,500 to be precise. (my bad)

Interesting though, it's because apparently American's are having less babies

10 plants will close although they declined to name those locations. They are based in Dallas.


Kimberly-Clark, the maker of Kleenex tissue and Huggies diapers that was founded in Wisconsin in the 1870s and still has a major presence in the state, plans to cut up to 5,500 jobs and close or sell about 10 plants, blaming sluggish sales and a bloated production base.

Kimberly-Clark was founded in Neenah in 1872. While its global headquarters is in Dallas, its North American consumer business is based in Neenah.

Kimberly-Clark officials in Wisconsin could not immediately be reached to answer questions about the job cuts. A few years ago, the company employed 3,700 people in Wisconsin, with 2,900 of them in management, research and development, and other salaried positions in the Fox River Valley around Appleton and Neena

https://www.jsonline.com/story/money/business/2018/01/23/kimberly-clark-cut-up-5-500-jobs-close-10-plants-no-word-wisconsin-jobs/1057633001/

and this

Kimberly-Clark, Fox Cities' third-largest employer, to cut up to 5,500 jobs, close 10 plants globally

Announcements on cutbacks and closings will be made after "appropriate consultation and/or negotiations with unions, works councils and other labor stakeholders," the company said in a statement to USA TODAY.

Outagamie County Executive Tom Nelson said K-C's announcement should serve as a wake-up call to elected officials.

"We cannot and should not stand idle while industry and jobs crumble before our eyes," Nelson said. "How many plant closures, layoffs must we sustain before something meaningful is done?"

Kimberly-Clark to cut up to 5,500 jobs, close 10 plants globally
 
Likes: 1 person
Oct 2017
2,822
510
south area
#9
Well hey, apparently 125,000 Disney employees will get a one time bonus of 1K

I'm sure that will more than make up for 550,000 losing their jobs right?
don't let math get in your way


Five and a half thousand to be precise. These layoffs follow on from the recent tax cuts. Everything that's happening in the US economy is down to the tax cuts, isn't it?
 
Jan 2014
14,921
3,709
California
#10
The point, Mr. Knoetze, is that Trump was supposed to fix all the problems that manufacturers had under Obama and so many Trump supporters are touting all the economic success since Trump was elected and insist that any successes are to be attributed to Trump but anything that isn't so successful is either Obama's fault or just not anything to do with Trump. It's ridiculous.
Ms. Babba,

The point is, the President cannot fix a bad business model. This is not a problem with manufacturing under Obama or President Trump, but rather, closing down marginally profitable enterprises.

This is just a cherry picked business decision that has nothing to do with the current economy that the OP tried to blame President Trump for.