The consumer products company has 58,000 workers worldwide, according to its website.
Kimberly-Clark Corp. said Tuesday that it anticipates restructuring costs between $130 million and $160 million, after taxes. The company — whose brands include Kleenex and Huggies — foresees between $120 million and $140 million in savings by the end of 2017.
The restructuring is expected to be completed by 2016's end.
Kimberly-Clark also cut its 2014 adjusted profit forecast to account for the spinoff of its health care business. The Dallas company now expects an adjusted profit between $5.93 and $6.03 per share, down from its prior range of $6 to $6.15 per share. Analysts polled by FactSet expect $6.06 per share.