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Home»General News»Unilever to cut 7,500 jobs worldwide
General News

Unilever to cut 7,500 jobs worldwide

Unilever to cut 7,500 jobs worldwide
Fatima Zahra MuhammadBy Fatima Zahra MuhammadMarch 19, 2024Updated:March 19, 2024No Comments2 Mins Read
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Consumer goods giant Unilever has announced plans to cut around 7,500 jobs globally as part of an overhaul aimed at saving around 684 million euros ($869 million) over the next three years.

The Marmite-to-Dove soap firm said the jobs affected were largely office-based and the move came as it looked to invest in technology to boost productivity and save money.

The group said staff would be consulted about the cuts but did not reveal where they will be made.

The jobs were expected to go over the next two years.

Unilever has 128,000 employees globally, with 6,000 in Britain.

Chief executive Hein Schumacher said: “Under the growth action plan we have committed to do fewer things better, and with greater impact.

“The changes we announce today will help us accelerate that plan.”

He added: “We are committed to carrying out our productivity programme in consultation with employee representatives and with respect and care for those of our people who are impacted.” 

Unilever PLC is a British multinational fast-moving consumer goods company founded on 2 September 1929 following the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. It is headquartered in London.

Unilever products include baby food, beauty products, bottled water, breakfast cereals, cleaning agents, condiments, energy drinks, healthcare and hygiene products, ice cream, instant coffee, pet food, pharmaceuticals, soft drinks, tea, and toothpaste. It is the largest producer of soap in the world, and its products are available in over 190 countries.

Unilever’s largest brands include Axe (Lynx), Ben & Jerry’s, Dove, Hellmann’s, Knorr, Lifebuoy, Lux, Magnum, Omo (Persil), Rexona, Sunlight, Sunsilk, and Wall’s (Heartbrand). 

The company is organized into five business groups: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. It has research and development facilities in China, India, the Netherlands, the United Kingdom, and the United States.[

NAN

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