Thread regarding Kimberly-Clark Corp. layoffs

5,000 to be laid off in 2018 by Kimberly Clark

So much for no layoffs and so much for 'respecting the individual' and the worker. Now, it's official and for all of us that were on this forum before and warning about this, it's not a surprise. I can tell you that 5K was a bit more than I expected but it seems to me that it'll be even more than this.

And, no executive will be laid off and no bonuses for the executives will be cancelled - they will cut costs (we are the cost) and they will be rewarded for this. Sick.

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Post ID: @OP+RnS0xoh

5 replies (most recent on top)

A 'healthy' market is CONSUMER based. The CONSUMER is KING!!

NOT about the 'worker', sorry. That's why we have 'mobility' rights.

Go where the WORK ...'is'!

The market DEMANDS something.

The 'successful' RISE UP to meet that demand.

If unable to 'do it alone', you HIRE people!

It's in your best interest to deal FAIRLY with them,

but, the presence of the worker IS TIED TO "demand"

not just having a job digging holes, and filling them back up

THAT .... is a "waste of resources, human and capital"

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Post ID: @3lhm+RnS0xoh

It's ALL greed. Get rid of employees and improve dividends. They've been doing it for 15 years. Used to be the BEST COMPANY in Wisconsin to work for. Very sad for the dedicated employees.

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Post ID: @1ign+RnS0xoh

@xvx you cannot blame them for the 'economy is booming' statement - this may be true - the fact is we posted all time high profits, we are doing just fine from the profit perspective.

the issue is that the worker is getting screwed in this economy, things are not distributed evenly and only a small sliver of people is benefiting from this booming economy.

for example, if i am laid off tomorrow (after 11 years here) i'd be on the loosing side of this equitation and i do not care if the economy is booming or not - i am screwed, not matter know our balance sheet and income statement look, how much our sales have grown or how much we cut in cost. the fact is, i am screwed for now.

i get the argument that the economy as the whole is benefiting, the economy is growing, but how is that gonna help me if i am laid off and i have no income. look, i have nothing against shareholders getting their cut and increasing dividends, etc. but at the same time, the execs need to be able to balance things - if all pain is borne by the worker, how is that helping us as the country - in that case the majority of people are not better off, so in the aggregate the economy may be better off but majority of people will be worse off. where is this gonna lead us 10 years from now? how are our kids going to make it if the worker gets screwed all the time.

i know this is a long rumble, hopeful it make at least some sense

God bless you all and i hope you avoid this round of cuts (and there will be another one fairly soon as well - that's the only thing you can bet on here)

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Post ID: @bdx+RnS0xoh

And we are told "The economy is booming!"

yeah, right.

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Post ID: @xvx+RnS0xoh

There you have it:

https://www.nytimes.com/2018/01/23/business/kimberly-clark-layoffs.html

Kimberly-Clark, the maker of Huggies and Kleenex, said on Tuesday it would cut between 5,000 and 5,500 jobs worldwide in an effort to reduce costs in the face of sluggish sales.

The reduction of as much as 13 percent of its staff comes as part of a yearslong effort to cut expenses and is expected to contribute to savings of up to $550 million by the end of 2021. The company is also aiming to save more than $1.5 billion by 2021 through its so-called Force program, which includes efforts like improving productivity at its manufacturing facilities and more efficient distribution.

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Post ID: @dyd+RnS0xoh

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