Kimberly-Clark to reorganize business, incur about US$1.5-billion in related costs

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The Kleenex tissue maker said it would reorganize into three business units as it looks to simplify operations

said on Wednesday it would reorganize into three business units as the Kleenex tissue maker looks to simplify operations and cut costs.

The restructuring comes at a time when the company is seeing benefits from its consistent price hikes wane and inflation-stricken customers pull back on purchasing its pricier products. It previously had three business segments – personal care, consumer tissue and Kimberly-Clark professional – with each having three geographic sub-divisions.

 

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