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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