Business Standard

Consumer goods giant Unilever cutting 1,500 management jobs

Unilever, which makes Vaseline skin care products and Ben & Jerry's ice cream, says it's laying off 1,500 staff as part of a company-wide restructuring.

Unilever headquarters in Rotterdam, Netherlands

Unilever

AP London
Unilever, which makes Vaseline skin care products and Ben & Jerry's ice cream, says it's laying off 1,500 staff as part of a company-wide restructuring.
The proposed changes mean that senior management jobs will be cut by about 15 per cent while junior management roles will be reduced by 5 per cent, it said Tuesday. The London-based consumer goods giant employs 149,000 people globally.
The changes, which are subject to consultation, won't affect factory teams, Unilever said in a statement posted on its website.
Under the reorganisation, the company will be organized into five distinct groups: beauty and wellbeing, personal care, home care, nutrition, and ice cream.
The shakeup will enable us to be more responsive to consumer and channel trends, with crystal-clear accountability for delivery," CEO Alan Jope said.
The revamp comes swiftly after news this month that the company made an unsolicited 50 billion pound (USD 67 billion) bid to acquire GlaxoSmithKline's consumer health care unit that was rejected, sending its shares tumbling and sparking a backlash from leading investors.
Unilever has more than 400 consumer brands, including Hellmann's mayonnaise, Lipton tea, Dove soap and Rexona deodorant.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 25 2022 | 8:24 PM IST

Explore News