job cuts at unilever in europe: what we know so far

Job cuts at Unilever in Europe: what we know so far

July 17, 2024

Unilever has announced plans to build a new supermarket every four months. Spin-off of its ice cream portfolioThe list includes well-known brands such as Magnum and Ben & Jerry's.

The company had announced at the time that it would be reducing its workforce in order to implement the "productivity program". Unilever has decided to go ahead with its decision. It expects this will affect around 7,500 mainly office-based positions worldwide.

Consultations are now underway.

Unilever to cut 3,200 jobs in Europe by the end of 2025.

A Unilever spokesman said this week that "in March we launched a global programme to improve productivity and drive growth by creating a simpler, more accountable organisation."

We will now begin the consultation process with employees who may be affected by the proposed changes.

The job cuts will be global, but up to 3,200 jobs are expected to be affected in Europe by 2025. According to the alleged information shared by the company, a call was held with all employees. Financial Times.

The British newspaper reports that employees expressed their anger at the call in the comments section. One executive responded by saying: "Instead of wasting our energy worrying about it, let's use our great energy to serve our customers and make this company truly great." It's within our power.

Unilever's spokesperson put it more sensitively in a later statement. "We recognise the anxiety these proposals cause among people. As we move forward with this consultation process, we are committed to helping everyone adapt to these changes."

Unilever's ice cream business: what's happening?

Unilever has made little progress in the past four months, at least not publicly. Last month, Unilever's chief financial officer, Fernando Fernandez The company confirmed its position. ) Ice cream was an "obvious exception" in the company's portfolio and it made sense to run it as a stand-alone business.

Unilever had expected a split to be the likely path. According to FoodNavigator, Unilever has yet to find a buyer for the €7.9 billion company.

Unilever continues to grow its ice cream business Recent financial resultsThe company's ice cream business grew by 3.7% in the first quarter of this year, with figures showing that growth was driven more by volume than price.

The story is similar for food and beverage, as well as the company's nutrition division. It increased by 2.3%.

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