Under-fire Unilever culls 1,500 management jobs as reshapes

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Reuters UK

By Richa Naidu and Pushkala Aripaka LONDON (Reuters) -Unilever unveiled plans on Tuesday to cut about 1,500 management jobs in a restructuring aimed at easing shareholders’ concerns after a failed takeover bid and reports an activist investor had built a stake in the consumer goods giant. The maker of Dove soap and Magnum ice cream, which employs about 149,000 people worldwide, said on Tuesday the revamp would create five product-focused divisions – beauty and wellbeing, personal care, home care, nutrition, and ice cream. The move, which Unilever said has been in the works over the past year, …

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