Unilever confirms plans to cut 1,500 management jobs
Unilever has confirmed reports that it plans to cut management jobs as part of a strategy to make the company ‘a simpler, more category-focused’ business.
The company is setting up five business groups which will all have their own team and be fully responsible and accountable for their strategy, growth, and profits, Unilever said in a statement on Tuesday.
The new organisational model will result in a reduction in senior management roles of around 15% and more junior management roles by 5%, or about 1,500 jobs in all.
The company currently has a workforce of 2,700 in the Netherlands and as yet it is unclear if any Dutch jobs will go.
Bloomberg said earlier that chief executive Alan Jope has come under increasing pressure to chart a new course to boost the company’s share price.
The news of the job cuts coincides with the arrival of activist shareholder Nelson Peltz who has built up a considerable stake in the company, although its size and his intentions are unclear, Bloomberg said.
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