^

Business

Unilever to axe 3,200 office jobs in Europe — source

Agence France-Presse
Unilever to axe 3,200 office jobs in Europe � source
A picture taken on June 5, 2015 shows the logo of Unilever at the headquarters in Rotterdam. Unilever is a multinational company in the field of food, personal care and cleaning products. In 1930, Lever Brother, a British soap maker and Margarine, a Dutch company, merged to optimize their requirements and create the multinational Unilever.
AFP / John Thys

LONDON, United Kingdom — British consumer goods giant Unilever will cut 3,200 office jobs in Europe by late 2025 in an overhaul announced in March, a source close to the matter told AFP Friday.

The job cuts represent approximately one third of Unilever's office-based jobs on the continent, according to the source who confirmed a Financial Times report.

Unilever had revealed earlier this year that it would create a standalone ice cream company in a cost-slashing plan that will see it shed a total 7,500 mainly office jobs worldwide.

The group, which employs about 128,000 people globally, is seeking to save 800 million euros ($870 million) over the next three years.

"In March, we announced the launch of a comprehensive productivity programme, to drive focus and growth through a leaner and more accountable organisation," a Unilever spokesperson said in a statement emailed to AFP on Friday.

"We are now, over the next few weeks, starting the consultation process with employees who may be impacted by the proposed changes."

The location of the job cuts has not yet been decided, but London and Rotterdam will likely be affected, the FT business newspaper reported.

"We recognise the significant anxiety that these proposals are causing amongst our people," the Unilever spokesperson added.

"We are committed to supporting everyone through these changes, as we go through the consultation process."

Unilever saw net profit drop 15 percent last year to 6.5 billion euros, as sales flattened after it hiked prices in response to higher costs.

The company makes products including Cif surface cleaner and Dove soap, as well as Ben & Jerry's ice cream and Hellmann's mayonnaise.

vuukle comment

EMPLOYMENT

UNILEVER

Philstar
x
  • Latest
  • Trending
Latest
Latest
abtest
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with