Unilever To Cut 7,500 Jobs Worldwide

The New Diplomat
Writer

Ad

FEDA invests $75m in Spiro to accelerate Africa’s electric mobility transition

By Obinna Uballa The Fund for Export Development in Africa (FEDA), the development equity investment arm of African Export-Import Bank (Afreximbank), has announced a $75 million strategic investment in Spiro, Africa’s leading electric two-wheel assembler and operator of the continent’s fastest-growing battery swapping network, according to a statement made available to The New Diplomat by…

EFCC Declares Ex-Gov. Timipre Sylva Wanted Over Alleged $14.8M Fraud

By Abiola Olawale ​The Economic and Financial Crimes Commission (EFCC) has declared Chief Timipre Sylva, a former Minister of State for Petroleum Resources and former Governor of Bayelsa State, wanted over an alleged connection with a case of conspiracy and dishonest conversion involving over $14.8 million in public funds. ​This declaration was made public via…

Ex-French president Sarkozy freed from jail after 20 days

By Obinna Uballa Former French President Nicolas Sarkozy has been released from prison pending the outcome of his appeal against a conviction for allegedly receiving illegal campaign funding from Libya. A court in Paris ordered his release on Monday after prosecutors supported his application, ending a 20-day jail stint he described as a “nightmare.” Sarkozy,…

Ad

By Agency Report

Consumer goods giant Unilever has announced plans to cut around 7,500 jobs globally as part of an overhaul aimed at saving around 684 million euros (869 million dollars) over the next three years.

The Marmite-to-Dove soap firm said the jobs affected were largely office-based and that the move came as it looked to invest in technology to boost productivity and save money.

The group said staff would be consulted about the cuts but did not reveal where they will be made.

The jobs were expected to go over the next two years.

Unilever has 128,000 employees globally, with 6,000 in Britain.

Chief executive Hein Schumacher said: “under the growth action plan we have committed to do fewer things better, and with greater impact.

“The changes we are announcing today will help us accelerate that plan.”

He added: “we are committed to carrying out our productivity programme in consultation with employee representatives, and with respect and care for those of our people who are impacted.”

(dpa/NAN)

Ad

X whatsapp