Company News, Financial News

Kimberly-Clark Cuts Jobs As Profit Dips

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By: TOM BRANNA

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Kimberly-Clark Corp. said it will cut 6,000 jobs and close or sell 20 plants as it moves to strengthen its diaper and health care businesses and expand its presence in emerging markets. The restructuring news came as the maker of Huggies diapers and Kleenex tissues posted better-than-expected quarterly earnings. K-C said it will record charges of $625 million to $775 million through 2008 to cut about 10% of its work force and eliminate 17% of its manufacturing facilities under the restructuring...

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