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

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

Kimberly-Clark, the maker of Huggies diapers and Kleenex tissues, announced Tuesday it will cut about 13 percent of its workforce globally, or at least 5,000 jobs, in a bid to reduce 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. About $1.5 billion will come from reducing costs within its business. An added $500 million to $550 million will come from the efforts to streamline its manufacturing supply chain and overhead.