Kimberly-Clark to Close 5 Plants
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Associated Press
Kimberly-Clark Corp. said it will close five plants that employ about 1,400 people because of weak demand, but remains on track to meet analysts’ earnings expectations through next year.
The Irving, Texas-based company, which makes Kleenex tissues, Huggies diapers and a variety of other paper and consumer goods, will close a plant in Vermont and four in Latin America. The job losses represent about 2% of its work force.
Shares of Kimberly-Clark rose $2.33 to $58.17 on the NYSE.
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