KMB layoffs: Kimberly-Clark to lay off 1,600 people
Beijing News Thursday night, Clark Kimberly-Clark (KMB) announced that it would cut 1,600 employees, equivalent to the total number of its global workforce by 3%.
Kimberly-Clark currently has about 53,000 global employees. The company said the job cuts will be mainly in non-production workers and salaried employees, but does not plan to close any factories.
Rising unemployment and the housing market slump resulted in the reduction of consumer spending, Kimberly-Clark has six quarter profit report fell. In addition, the company’s performance but also because the U.S. dollar on overseas sales, as well as a large number of consumers turn to private damage standard products.
Kimberly-Clark is expected to lay-offs will make annual savings of about 150 million U.S. dollars, or 25 cents per share. The job cuts will mainly affect the performance of the second quarter, when the company 110 million U.S. dollars will be charged to the related expenses. The company expects the restructuring will result in a total of 100 million U.S. dollars 140 million of expenditure -1.50.
The company expects the second half of the fiscal year will be the re-organization of 10 cents per share and achieve cost savings.
Chief Executive Officer of the companyķ???˳oup (Tom Falk) said in a statement: “While these actions is extremely difficult but necessary, will help us tide over the current difficult economic environment, and become a stronger company.”
Orange layoffs: UK operator Orange has laid off 370
Britain’s third-largest mobile operator Orange, to lay off 370.
Orange by France Telecom, British executive has, the operators will be laid off in the next three months 100 redundant employees laid off after the other 270 have the opportunity to fill a vacancy.
Orange UK has 12,000 employees, CEO Tom Alexander (Tom Alexander) published in 2008 operating profit of 1.3 billion euros (1.1 billion pounds), the earnings data and compared to last year dropped by 7.5%. He said that Orange is committed to improve operational efficiency. Orange UK last year, 450 job cuts.
For the Orang Alexander set a goal to become the United Kingdom in 2012 the largest mobile operator. Orang in 2002 and 2003 users reached the scale of the first, but the operator O2 (a subsidiary of Spain’s Telef??nica) over the Orange last year, jumped to first place, is currently the second largest mobile operator Vodafone.
Triumph layoffs and shutdown of factory: Triumph the closure of factories and retrenchment of staff over a thousand people Philippines
Xinhua Manila, June 29 (Xinhua LIN Gui Xu), according to local media reports on the 29th, headquartered in Germany and internationally famous underwear maker Triumph to adjust business strategy due to the closure of its two factories in Manila, local 1662 employees will be dismissed as part of the staff to let off steam in the factory and lingerie in front of banners hanging in protest.
According to reports, the Triumph management and union representatives on the 27th and the Ministry of Employment and dynamic Filipino officials announced the decision. The company’s management said that the international financial crisis, a great impact on the company’s operations, the closure is located in the outskirts of Manila, two Triumph underwear manufacturing plant is the world’s resources as part of restructuring plan, management is after very careful consideration “regret” to make layoff decisions.
Two underwear manufacturer Triumph union accused the company responsible for the closure of factories and retrenchment of staff in violation of Philippine laws on employment protection and the company reached earlier with the agreement of trade union organizations and 28 organizations, some employees in the factory front suspension in order to Underwear protest.
It is understood that the financial crisis has forced many, including Intel and other multinational companies to close their factories in the Philippines. Official statistics show that the unemployment rate in the Philippines in April to 7.5%.
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