Unilever to Cut 1,500 Management Jobs Across Globe

WORLD

The company ‘Unilever’ has now revealed the plans for the purpose of decreasing or cutting down around 1,500 management jobs in an overhaul, that has been aiming at easing the concerns of the shareholders after a failed takeover bid and also because of the news, which an activist investor, who has built a stake in the company.

The producer of the Magnum ice cream and the Dove soap, which has been employing around 149,000 employees across the world said that, it is going to be organizing the business of the company in the five new divisions including the beauty and well-being, along with the home and personal care, ice cream and nutrition.

Alan Jope, chief executive director of Unilever said that, the new organizational model of the company has been developed in the year 2021, and the company is now moving to a business groups that are focusing on the category and it is going to be enabling them for becoming more responsive to the channel trends and consumers along with very clear accountability for the purpose of delivery.

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The company ‘Unilever’, whose shares have been decreased by around 13 percent in the previous year has effectively abandoned the plans for purchasing the consumer healthcare business of GlaxoSmithKilne for around 67 billion dollars.