Monday, 15 July 2024

Unilever Slashing Jobs


Unilever, one of the world’s largest consumer goods companies, has announced plans to cut a third of its office-based roles in Europe by the end of 2025. This decision comes after a global cost-cutting announcement in March, which will affect approximately 7,500 roles. About 3,200 jobs in Europe are expected to be axed as part of this plan. The company has begun a consultation process with those affected by the cuts. These changes are part of a broader effort to revive growth under CEO Hein Schumacher, who took over last year following a period of underperformance. Unilever also plans to split off its ice cream business, which includes brands like Wall’s, Ben & Jerry’s, and Magnum, as part of a strategy to “do fewer things better”. The company, which has major offices in London and Rotterdam, employs a total of 6,000 staff in the UK.


Blog Q - How will cutting a third of the workforce affect the morale at Unilever?