Kimberly-Clark plans to lay off 1,300 workers

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Jason Janik/Bloomberg

A Kimberly-Clark logo is seen on a sign outside their world headquarters campus in Irving, Texas.

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Mike W. Thomas

Reporter- San Antonio Business Journal

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Kimberly-Clark Corp., a Dallas-based health care products company, is planning to cut up to 1,300 employees as part of a restructuring program during the next two years.

The program is expected to cost $130 million to $160 million and offset $85 million in overhead costs resulting from the spin-off of the company's health care business.

The company pursued the health care spin-off in 2013 in order to create a stand-alone publicly traded health care company named Haylard Health Inc. with $1.7 billion in annual net sales.

Earlier this year, the company announced it was closing its San Antonio plant and laying off 90 workers. The 36-year-old plant, located at 4702 Goldfield, made hand sanitizer along with moist and dry wipes.

Mike W. Thomas covers technology/telecom, military, finance, regulatory issues as well as nonprofits/education.