Unilever Layoffs: FMCG Giant To Cut 3,200 Jobs In This Country; Check Details Here

Unilever Layoffs: Unilever is planning to reduce one-third of its office positions in Europe by the end of 2025 as part of efforts by the CEO to rejuvenate growth at the challenged consumer goods company. “We are now, over the next few weeks, starting the consultation process with employees who may be impacted by the proposed changes,” a spokesperson from Unilever responded in an email, reported the news agency Reuters.

During a company-wide call on Wednesday, senior executives were informed that approximately 3,200 roles would be eliminated in Europe by the end of 2025.

The layoffs are part of a productivity initiative unveiled by the FMCG giant in March, which outlined potential job cuts totalling up to 7,500 positions. During a video call, Constantina Tribou, the chief human resources officer, stated, “The expected net impact in roles in Europe between now and the end of 2025 is in the range of 3,000 to 3,200 roles.”

CEO Hein Schumacher, who assumed the role last year, presented plans in October to regain investor trust by streamlining operations following several years of underperformance.

In March, Unilever also announced its intention to separate its ice cream division into an independent entity. This decision was part of the same broader cost-saving initiative at the global goods conglomerate.

Unilever is aiming to streamline operations and refocus its efforts, targeting mid-single digit underlying sales growth and marginal margin improvements following the spin-off. As stated in its official announcement, the company sees this restructuring as a strategy to evolve into a “simpler and more focused company.” Unilever has launched an extensive program to achieve cost savings amounting to approximately 800 million euros ($869 million) over the next three years.

Layoffs have been hitting everyone from all directions, irrespective of the sector. Although the tech sector has been taking the most significant heat from these job cuts, other sectors are also being affected.

Also Read: Unilever Layoffs: Magnum Maker To Separate Ice Cream Unit; Cut 7,500 Jobs Worldwide