Unilever Announces Job Cuts Globally Amid Restructuring

Unilever on Tuesday introduced plans to chop round 1,500 administration jobs worldwide below a significant restructure of the British shopper items large.The announcement comes after the maker of Magnum ice cream and Dove cleaning soap failed with a £50-billion takeover bid for the buyer well being care unit owned by pharmaceutical teams GlaxoSmithKline and Pfizer.Unilever stated its "proposed new organisation model will result in a reduction in senior management roles of around 15 percent".It added in an announcement that junior administration roles could be reduce by 5 p.c.Together the cuts totalled "around 1,500 roles globally".Unilever plans to create 5 distinct enterprise teams: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. "Each business group will be fully responsible and accountable for their strategy, growth, and profit delivery globally," it stated.Chief government Alan Jope, who has confronted investor criticism over the latest failed takeover, added: "Growth remains our top priority and these changes will underpin our pursuit of this."The group final week stated it could not enhance its supply for the GlaxoSmithKline-Pfizer unit.That got here after GSK stated it had obtained three unsolicited gives from Unilever for GSK Consumer Healthcare -- all of which have been rejected for being too low. (Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)