Consumer goods giant Unilever cutting 1,500 management jobs

The changes, which are subject to consultation, won’t affect factory teams, Unilever said in a statement posted on its website.

unilever
Unilever has more than 400 consumer brands, including Hellmann's mayonnaise, Lipton tea, Dove soap and Rexona deodorant

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 organised 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.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.