Unilever Layoffs: British Multinational Consumer Goods Company To Lay Off Around 3,200 Employees in Europe; Check Details
Unilever is reportedly planning to lay off around 3,200 office-based employees in Europe by the end of 2025 as part of a restructuring and productivity programme to improve operational efficiency.
New Delhi, July 13: Unilever, the British multinational consumer goods company, is reportedly planning to lay off around 3,200 employees in Europe by the end of 2025 as part of a major restructuring effort. The Unilever layoffs, which will likely affect approximately one-third of the company's office roles in the region, are expected to streamline operations and improve efficiency.
As per a report of Financial Times, Unilever is planning to reduce around one-third of its office roles in Europe by the end of next year. It is expected to be a part of the company's "productivity programme". The job cuts, which may affect primarily office-based roles, are not expected to include jobs in factories. Unilever, known for brands like Hellmann's mayonnaise and Dove soap, currently employs around 10,000 to 11,000 office-based staff in Europe. GE Appliances Layoffs: US-Based Home Appliances Manufacturer Will Lay Off Around 2,700 Employees Amid Challenges Faced by Appliance Industry.
Unilever has not yet officially decided where exactly the job cuts will happen in Europe. However, it is expected that most European office locations will be affected, especially the corporate centres in London and Rotterdam. Hein Schumacher became the CEO of Unilever a year ago, replacing Alan Jope. As per reports, Shareholders, including investor Nelson Peltz, are urging Hein Schumacher to make changes in the company and improve its financial performance as it has been struggling for several years. John Deere Layoffs Continue: World’s Largest Farm Equipment Maker To Let Go More 345 Employees Amid Economic Challenges, Effective From September 20.
As per reports, an executive advised staff to focus on improving the business and serving customers instead of worrying about uncertainties. He suggested using their energy to make the business successful. Unilever has around 1,28,000 employees around the world. The "productivity programme" which was announced in March to make their operations more efficient. As part of the programme, Unilever is reportedly considering cutting up to 7,500 jobs globally. It means that some employees may lose their jobs as the company tries to streamline its operations and improve productivity.
(The above story first appeared on LatestLY on Jul 13, 2024 11:20 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).