Kimberley Clark says the Trump tax-cuts let it fire 5,500 US workers and pay out dividends to its shareholders

Kimberley Clark, makers of Kleenex and Huggies, says it will lay off 10-12% of its US workforce and divert the savings to shareholder dividends and capital investment (presumably robots to replace the workers, or infrastructure to import finished goods from lower-cost offshore labor markets), and it says that action was triggered by Trump's tax-cuts, which freed up the cash needed to effect the changes. (more…)

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