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Unilever to cut jobs across all regions as Peltz builds stake -source -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Unilever logo in Rotterdam (Netherlands), August 21, 2018. REUTERS/Piroschka van de Wouw/File Photo

(Reuters) – Unilever (NYSE 🙂 PLC intends to cut thousands of managerial positions in its operations, according to a source who was familiar with the matter.

One person stated that the reductions in job opportunities will come down to “low-millions”.

This development follows reports that Trian Partners, an activist investor Nelson Peltz, has built a stake in the consumer goods company. After a brief pursuit for GSK’s consumer health arm, the strategy of Trian Partners is being scrutinized.

Bloomberg was the first to report on Unilever’s plan to lay off workers.

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