Kimberly-Clark, the makers of Kleenex, Huggies and Kotex is using the new Republican tax cut plan to up profits and cut jobs. Over 5000 jobs will be eliminated even though year end profits amounted to over $18 billion. The company plans to close down 10 manufacturing plants and reduce employment by 13 percent.
Chairman and CEO Thomas J. Falk, who made a 58 million dollars in 5 years said Kimberly Clark:
"returned $2.3 billion to shareholders through dividends and share repurchases"
But that the layoffs,
" will make our company leaner, stronger and faster."
People are beyond fed up and disgusted by the ongoing corporate greed.
Most of the anger was directed at Donald Trump and the Republican party.
So much winning for the rich!
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