Unilever plans global job cuts amid restructuring
Unilever on Tuesday announced plans to cut some 1,500 management jobs worldwide amid a major restructuring of the British consumer goods giant.
The announcement comes after the maker of Magnum ice cream and Dove soap failed with a £50 billion takeover bid for the consumer health care unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer.
Unilever said the “proposed new organizational model will result in a reduction of senior management positions of about 15 percent”.
It added in a statement that junior management positions would be reduced by five percent.
Together, the cuts totaled “about 1,500 rolls worldwide”.
Unilever plans to establish five different business groups: Beauty & Wellbeing, Personal Care, Home Care, Nutrition and Ice Cream.
“Each business group will be fully responsible and accountable for their strategy, growth and profit delivery worldwide,” it said.
Chief executive Alan Jope, who has faced criticism from investors over the recent failed acquisition, added: “Growth remains our top priority and these changes will support our pursuit of it.”
The group said last week it would not increase its offer for the GlaxoSmithKline-Pfizer unit.
That came after GSK said it had received three unsolicited offers from Unilever for GSK Consumer Healthcare – all of which were turned down for being too low.
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