Unilever to Cut 1,500 Jobs in Structure Reorganization
January 25 2022 - 4:48AM
Dow Jones News
By Michael Susin
Unilever PLC said Tuesday that it will change its organization
structure and that it will be centered in five distinct business
groups, resulting in the shedding of around 1,500 jobs and the
reduction of management positions.
The London-listed consumer-goods giant said each group will be
fully responsible for their strategy, growth and profit.
The businesses will be divided by Beauty & Wellbeing,
Personal Care, Home Care, Nutrition, and Ice Cream, it said.
Unilever said the new model will reduce senior management roles
around 15% and junior management roles by 5%.
The changes aren't expected to impact factory teams.
"Moving to five category-focused Business Groups will enable us
to be more responsive to consumer and channel trends, with
crystal-clear accountability for delivery. Growth remains our top
priority and these changes will underpin our pursuit of this,"
Chief Executive Alan Jope said.
Shares at 0913 GMT were up 8.0 pence, or 0.2%, at 3,951.5
pence.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
January 25, 2022 04:33 ET (09:33 GMT)
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