Unilever to cut 1,500 management jobs in strategic overhaul
Unilever said on Tuesday that it plans to cut about 1,500 roles across senior and junior management as part of a global restructuring plan aimed at streamlining operations and soothing the concerns of worried investors.
Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
Published by
26 Jan 2022
Unilever said on Tuesday that it plans to cut about 1,500 roles across senior and junior management as part of a global restructuring plan aimed at streamlining operations and soothing the concerns of worried investors.
The announcement comes days after reports that activist investor Nelson Peltz's Trian Partners has been building a stake in the world's second biggest personal care products maker, which owns the Dove Soap and Vaseline brands. (Reporting by Richa Naidu in London and Pushkala Aripaka in Bengaluru; editing by Jason Neely)
This article was written by Richa Naidu from Reuters and was legally licensed through the Industry Dive Content Marketplace. Please direct all licensing questions to legal@industrydive.com.
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Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.