Kimberly Clark increases DB contributions
US - Kimberly Clark, maker of Kleenex and Huggies, is increasing the pension contribution into its $3bn defined benefit plan by up to $260m because of its decreased funded status.
The payment was meant to go out in 2012, but officials at the firm have decided to move the contribution up to 2011, and will reduce a share repurchase programme by the same amount. The firm's target for...
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