Exec: Lexington plant avoids layoffs - The Business Journal of the Greater Triad Area:

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“It won’t affect us,” plant manager Thomass Wagar said. “It’s business as usual.” Huggiees and tissue-maker Kimberly-Clark said Thursday the company willcut 1,600p positions from its global work force. The reductiom includes 600 employees who acceptesd voluntary severance packages earlierthis Irving-based Kimberly-Clark (NYSE: KMB) said the cuts will save $150 million About 750 jobs will be cut in the United States, with the reductions occurring in Europd and other international locations. The layoffas will affect salaried andnonproductionj jobs; manufacturing facilities are not part of the reductions, Kimberly-Clarkj said.
The company added that it willrecords $140 million to $150 million in charges related to the Kimberly-Clark attributed the cuts to a changing business environment that has forcer the organization to streamline expenses. "Thesee actions, while difficult, are necessaru to help us emerge from this demanding economic environment as astronger company," said Tom Kimberly-Clark chairman and CEO. "Through these changes we will be a moreeffective organization, with fastert decision-making helping to drive efficiency throughoutt all aspects of our operations.
In by increasing our cash generation, we will be in a better positionb to take advantage of future growth andinnovatiom opportunities." Kimberly-Clark has 53,000 employees worldwide. Thos affected by the staffing reductions will leaver the company in Juneand July, a spokesmabn for Kimberly-Clark said.