Alan Jope, CEO of Unilever said changes will be consulted and factory workers will not be affected by this decision.
Jope explained that the job cuts were made because the company was changing its organizational model into five business groups, namely beauty products, personal care, home care, nutrition, and ice cream.
“Our new organizational model has been developed over the past year and is designed to improve company performance,” he explained in an official release, Tuesday (25/1).
Meanwhile, citing AFP, the cuts were made because Unilever failed to take over the health care unit owned by the GlaxoSmithKline (GSK) and Pfizer groups.
He said management’s failure to acquire GSK and Pfizer’s healthcare units was criticized by investors.
“Growth remains our top priority and this change will support our efforts to achieve this (business growth),” said Jope.
For information, Unilever made an offer of 50 billion pounds to take over the health care unit owned by GSK and Pfizer. The company is committed not to increase the value of the offer for GSK and Pfizer.
(well / eight)