The cuts amount to a 15% reduction in the number of senior managers and 5% of junior managers, Unilever said in a statement on Tuesday. Factory workers will not be affected.
CEO Alan Jope said the overhaul will allow Unilever to be “more responsive to consumer and channel trends” with “crystal-clear accountability for delivery.”
“Growth remains our top priority and these changes will underpin our pursuit of this,” added Jope.
Fundsmith, one of Unilever’s biggest shareholders, labeled the failed takeover a “near death experience.” Fundsmith CEO Terry Smith criticized the company in a letter to investors earlier this month, arguing it had prized publicity-driven sustainability efforts over “the fundamentals of the business.”
Unilever employs 149,000 people globally.
— Julia Horowitz and Paul R. La Monica contributed to this report.
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