Page 4 - Unilever

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. 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

Unilever plans thousands of job cuts as investor Peltz builds stake

The job cuts are likely to number in the low thousands, say sources

Unilever to slash thousands of jobs in over 100 countries: Report

It comes a week after the firm failed in its bid to buy the consumer health division of GlaxoSmithKline (GSK) for 50 billion pounds

Unilever to sell slow-growth brands as it weighs higher bid for GSK unit

The Dove soap owner said Monday it will announce a revamp of its structure later this month

Unilever eyes GSK's consumer goods arm in possible $68-bn deal

Unilever confirms interest in GSK assets, says GSK consumer business would be 'strong strategic fit'; UK's Sunday Times says 50 billion-pound bid rejected in late 2021

French luxury brand Chanel appoints Unilever CHRO Leena Nair as CEO

Nair will step down as Unilever's chief human resources officer in January to join the French luxury brand

Unilever's sustainable brands growing 2x faster than other brands: COO

Firm will spend 2 billion euros with diverse suppliers; will also help 5 million retail partners improve livelihoods and drive their growth, says Nitin Paranjpe

Unilever Indonesia de-rating underscores valuation risk to India FMCG

Currently, HUL trades at 58 times its estimated earnings for FY23. Nestle is the most expensive FMCG with 69x its FY23 P/E, while ITC is the cheapest at 17.5x

Unilever is said to kick off sale of large part of $5.6-bn tea business

The UK-listed consumer group has reached out to potential suitors and is expecting first-round bids in September, the people said, asking not to be identified discussing confidential information

Renewed restrictions to hit sales in India in Q2 this year, says Unilever

Anglo-Dutch FMCG major Unilever on Thursday said the second wave of the coronavirus pandemic and subsequent restrictions in India impacted its sales in the country.

Unilever second quarter underlying sales rise 5%, beats estimates

Unilever Plc on Thursday reported higher-than-expected underlying sales growth for the second quarter and first half as consumers cooked more meals at home

Yalo raises $50 mn funding led by existing venture investor B Capital Group

Yalo will use the financing to deepen its presence in Latin America and Southeast Asia

Unilever plans $3.6 billion buyback as China and home cooks boost growth

It also forecast a slight increase in underlying operating margin this year

Mandatory 5-day work week unlikely to return again: Unilever COO Paranjape

The company's chief operating officer Nitin Paranjpe said 4-days a week has the potential to become the new normal as people start giving more importance to work-life balance

India a phenomenal market for Unilever, second only to US: Alan Jope

Outlines blueprint for future growth; India, China and US are key

Unilever restores pre-pandemic sales target amid strong consumer demand

Rival consumer goods group P&G last month raised its fiscal 2021 sales growth forecast to a range of 5% to 6%, from 3% to 4%, mainly on the back of a strong first half

Consumer giant Unilever sets long-term targets as China, India rebound

Unilever sets long-term targets as China, India rebound

Unilever gets vaccine partnership offers as it plots worker safety strategy

Unilever is strongly encouraging employees to get vaccinated against the coronavirus as soon as possible and floated the idea that it could buy shots to share with people in poorer countries

Global consumption will remain depressed in first half of year: Unilever

The company would grow ahead of the broader market and he does not expect any hits to margins over the near term.

Unilever to seek shareholder approval for its climate change plans

The company also plans to report on its progress against the plan annually starting 2022