Kimberly-Clark (K-C) is to build a new factory in Nigeria and close its current factory in Lagos with the loss of 60 permanent employees.
The investment in the new plant came after the tissue giant experienced “a strong increase in demand” for its products.
The new factory will have “enhanced technology, and capabilities that can better serve its consumers”.
The company said the decision was made “following a strategic review of its business model with the objective of increasing presence and further investments in Nigeria in the near future”.
It said: “Regrettably, the decision means that, for now, some 60 permanent employees have been made redundant.”
The current factory will be close in the second quarter of 2019.
K-C added it “remains fully committed to the Nigerian market”, where it will expand its commercial team and open an additional office in Lagos during 2019.
It said: “Every day our brands are used by consumers to enhance their health, hygiene and well-being.
“As a respected company with established relationships in Nigeria, we are aware of the impact this closure may have and of our responsibilities towards our workforce.
“It is a responsibility we take very seriously and we are working to ensure our employees are supported as much as possible during this difficult time.”
