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Kimberly-Clark makes major overhaul

Kimberly-Clark is gearing up to slash 6,000 jobs and close or sell 20 of its plants. The company intends to focus i…

Kimberly-Clark is gearing up to slash 6,000 jobs and close or sell 20 of its plants. The company intends to focus its energies on its diaper and health-care units while looking to expand its business in the areas of India and China.

The company confirmed it will record charges in the ballpark of $625 million and $775 million through 2008. The restructuring will imply a cut of roughly 10% of its work force and 17% of its manufacturing facilities.

Kimberly-Clark anticipates pulling in between $300 and $350 million annually by 2009 in terms of cost-savings.