Kimberly-Clark Sets Cost-Cut Plan
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Kimberly-Clark Corp. KMB.N said on  Monday it is targeting $400 million to $500 million in cost  savings over the next three years and still expects earnings  this quarter to meet its previous expectations.
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Description: NPR&#39;s Liane Hansen speaks with retail analyst Lois Huff about last week&#39;s announcement of warehouse giant K-Mart&#39;s intent to purchase the aging department store Sears.
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Kimberly-Clark Corp.  on Monday posted a higher third-quarter profit as increased tissue prices helped counter higher raw material costs.
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For months, Colgate executives have been hinting that a restructuring was imminent. Still, the scope of the plan that has been unveiled is larger than many analysts had anticipated and is expected to cost $550-$650 million after taxes.
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This move, and other cost-cutting measures, are expected to save the company $700 million to $800 million a year, the company said.
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TOKYO : The Japanese government has outlined plans to cut its spending for the next fiscal year. This comes as it projects that the world&#39;s second largest
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The company said it planned a major job shift to cut costs, saying the reorganization will affect 1,650 jobs, or nearly 12 percent of its work force.
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COMPUTER Associates International has announced a restructuring plan that will reduce its work force by 800 people worldwide, saving the company $US70 million ($97 million) annually once the plan is fully implemented.
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Kimberly-Clark Corp. , the maker of Kleenex tissues, said on Monday its quarterly net profit slipped, weighed down by higher commodity costs and the costs of spinning off a business.
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Drug wholesaler Cardinal Health Inc. Monday set a three-year restructuring plan that involves cutting jobs, closing 25 facilities and buying back $500 million in stock.
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Colgate-Palmolive Co. CL.N said on  Tuesday it would cut about 12 percent of its 37,000-person work  force as part of a four-year restructuring plan for which it  anticipates after-tax charges of $550 million to $650 million.
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Seattle-based Alaska Airlines Inc. said it will trim about 900 of its 11,000 employees and close its heavy-maintenance facility in Oakland in a bid to save $30 million to $35 million in annual operating expenses.
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Hewlett-Packard expects to spend $200 million over the next six months on staff reductions, but it didn't say in which areas the cuts would take place.
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Cost-cutting efforts should help turn the company around in 2008.
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The San Diego-based maker of data storage products said in a statement that it plans to cut 145 regular and temporary personnel worldwide, and will incur restructuring charges of between $5 million and $7 million.
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National Semiconductor Corp.  on Thursday said it would cut about 6 percent of its work force to reduce costs amid a chip supply glut and it will book severance charges of between &#36;22 million and &#36;26 million for the move.
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Facing continued top-line weakness, the company may have to cut costs.