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Unilever to Cut 15% of Senior Managers as Peltz Adds Pressure

  • CEO reorganizes company’s structure to boost performance
  • Move follows failed bids for Glaxo’s consumer health business
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Unilever Plans Thousands of Job Cuts
Updated on

Unilever Plc plans to cut 15% of its senior managerial positions to speed decision-making as activist investor Nelson Peltz puts more pressure on the consumer-goods giant.

Alan Jope is making his biggest job cuts since becoming chief executive officer three years ago, eliminating about 1,500 positions as Unilever also reduces junior-management staff by 5%. The company is making ice cream, beauty and personal care independent units as it reorganizes its businesses into five groups. Last week, Unilever said it planned to announce the reorganization.