Sales of Kleenex Tissues Falling in North America
Sales of Kleenex tissues have been falling in North America. The maker of Kleenex plans to close factories because it says facial tissue sales are wheezing.
The company said it plans to shed $500 million to $550 million in costs before 2022 through a restructuring plan that involves streamlining and simplifying its manufacturing supply chain and overhead.
The move comes after competitors slashed prices on tissues, damaging Kleenex sales in North America.
The company has operations in some 56 countries and about 43,000 employees, according to its website. Click here on USA Today for more information.