Unilever PLC

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10 - Manufacture of food products
10 - Manufacture of food products
1,500 jobs
Number of planned job losses
Job loss
Announcement Date
25 January 2022
Employment effect (start)
25 January 2022
Foreseen end date

Description

Unilever, multinational producer of food and household products, has announced that it will cut 1,500 management jobs worldwide, as the company is trying to improve its performance after a failed acquisition of GlaxoSmithKline’s consumer health unit. Around 15% of senior managers and 5% of junior managers will be dismissed. Job cuts are part of a restructuring programme aimed to reshape Unilever’s business: there will be five main business units - beauty and wellbeing, personal care, home care, nutrition, and ice cream. 

Currently, Unilever employs 149,000 people globally.

Sources

Citation

Eurofound (2022), Unilever PLC, Internal restructuring in World, factsheet number 106333, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106333.