financetom
Business
financetom
/
Business
/
Unilever to cut a third of office jobs in Europe, FT reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Unilever to cut a third of office jobs in Europe, FT reports
Jul 12, 2024 4:55 AM

(Reuters) - Unilever ( UL ) plans to cut a third of all office roles in Europe by the end of next year as new CEO Hein Schumacher forges ahead with a plan to boost growth at the struggling consumer goods giant, the Financial Times reported on Friday.

The company told senior executives on Wednesday that as many as 3,200 roles would be cut in Europe by the end of 2025, according to details of a company-wide call shared with the FT.

The report added that the cuts were a part of the cost-savings programme announced in March, which included as many as 7,500 layoffs.

"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," Constantina Tribou, a chief human resources officer, said during the video call, the FT reported.

Schumacher, who became CEO last year, laid out plans in October to win back investor confidence by simplifying the business after admitting Unilever ( UL ) had underperformed in recent years.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Broadcom, OpenAI to Deploy 10 GW of Custom AI Accelerators
Broadcom, OpenAI to Deploy 10 GW of Custom AI Accelerators
Oct 13, 2025
12:24 PM EDT, 10/13/2025 (MT Newswires) -- Broadcom ( AVGO ) and Microsoft ( MSFT )-backed (MSFT) OpenAI agreed to deploy 10 gigawatts of custom artificial intelligence accelerators, sending the chipmaker's shares rallying on Monday. OpenAI will design the accelerators and systems that are slated for deployment by the semiconductor company beginning in the second half of 2026. Financial details...
European shares recover from near two-week low as Trump softens China tariff stance
European shares recover from near two-week low as Trump softens China tariff stance
Oct 13, 2025
* Tech, miners drive sectoral gains * PSI Software soars after Warburg Pincus confirms buyout * Big Yellow ( BYLOF ) soars as Blackstone considers buyout * STOXX 600 up 0.44% By Sruthi Shankar and Pranav Kashyap Oct 13 (Reuters) - European shares staged a modest comeback on Monday, shaking off Friday's bruising selloff after U.S. President Donald Trump toned...
Market Chatter: Baker Hughes Reports Over $100 Million Tariff Impact as Expected
Market Chatter: Baker Hughes Reports Over $100 Million Tariff Impact as Expected
Oct 13, 2025
12:29 PM EDT, 10/13/2025 (MT Newswires) -- Baker Hughes ( BKR ) has seen a tariff impact of over $100 million this year, in line with its guidance provided in April, Bloomberg reported Monday, citing Chief Executive Officer Lorenzo Simonelli. It is an incremental pressure point, but it's something we have to manage through, Bloomberg quoted Simonelli as saying at...
ENDRA Life Sciences Gains Momentum With Crypto-Focused Treasury Plan
ENDRA Life Sciences Gains Momentum With Crypto-Focused Treasury Plan
Oct 13, 2025
ENDRA Life Sciences Inc. ( NDRA ) shares jumped after the company announced $4.9 million in funding commitments from institutional and cryptocurrency investors to launch a new digital asset treasury strategy. The initiative will focus on high-conviction decentralized finance holdings managed by Arca Investment Management LLC. The private placement includes 744,340 shares of common stock, as well as prefunded warrants...
Copyright 2023-2026 - www.financetom.com All Rights Reserved