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Unilever will lay off 7,500 workers to save 800 million euros

Date: October 4, 2024 Time: 17:54:44

The United Kingdom giant of hygiene and food products Unilever reported today Tuesday that it plans to cut some 7,500 jobs around the world as a result of the reform plan that it is going to implement over the next three years. The objective is to save a total of 684 million pounds -about 800 million euros-.

Unilever, which is behind products such as Dove soaps, has its headquarters in London’s central Victoria neighborhood and has 6,000 employees in the UK and a global workforce of 128,000. Its CEO, who considered the position last year, showed the group’s results of its balance sheet for 2023 as “disappointing.”

Objective of improving group performance

The company has reported that the planned job cuts will be carried out in group offices following a massive restructuring program that will be carried out by its new CEO, Hein Shumacher, with the aim of improving the group’s performance.

With the planned reform, the company plans to invest in technology in order to boost productivity and save costs. “Under the action plan for growth, we have committed to doing fewer things better, and with greater impact,” the manager revealed.

According to Schumacher, “the changes announced today will help accelerate that plan.” “We are committed to carrying out our productivity program in consultation with employee representatives and with respect and care for those of our people who will be impacted,” he said.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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