Kimberly-Clark plans to continue spending more than it gets in sales through 2015 even as it sets out to make $500 million worth of reductions over the next two years. The cuts include reducing manufacturing and supply-chain costs and reliance on a global procurement organization it plans to form. Kimberly-Clark already has counted as much as $450 million in savings from a three-year cost-cutting initiative that ends this year. Recent expansion of the firm’s health-care business is expected to cover some increased costs. (Click here for more– a subscription may be required)
“Kimberly-Clark Plans More Cuts, Increased Marketing” – Wall Street Journal (3/22/10)
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