JENKS, OK -- Bad and good economic news from Kimberly-Clark on Thursday.
The company announced it will cut 1,600 jobs, or 3 percent of its global work force in what it says will make it "a stronger, faster, and leaner organization."
Also in the news release, Kimberly-Clark indicated it does not plan to close any of its manufacturing plants. That includes its plant in Jenks.
"These actions, while difficult, are necessary to help us emerge from this demanding economic environment as a stronger company," said Tom Falk, Kimberly-Clark Chairman and CEO. "Through these changes we will be a more effective organization, with faster decision-making helping to drive efficiency throughout all aspects of our operations. In addition, by increasing our cash generation, we will be in a better position to take advantage of future growth and innovation opportunities."
The job cuts will primarily affect salaried and non-production jobs at Kimberly-Clark.
The maker of Kleenex, Scott and Huggies employs 53,000 people around the world.