 "Unilever, Unilever headquarters")
Unilever unveiled plans on Tuesday to cut about 1,500 management jobs in a restructuring aimed at easing shareholders' concerns after a failed acquisition and reports an activist investor has built a stake in the consumer goods giant.
The maker of Dove soap and Magnum ice cream, which employs about 149,000 people worldwide, said the revamp would create five product-focussed divisions -- beauty and well-being, personal care, home care, nutrition, and ice cream.
The move, which Unilever said had been in the works over the past year, echoes the reshaping by rival Procter & Gamble (P&G) three years ago when it created six similar business units, in its biggest reorganisation in two decades.
