The original article can be found here.
Article highlights:
- Unilever will cut about 1 500 management jobs and reshape its business to focus on five main product areas as it tries to boost growth after a failed acquisition and with an activist investor to appease.
- The move, which Unilever said had been in the works for a year, echoes the reshaping by rival Procter & Gamble (P&G) three years ago.
- Unilever, which is expected next month report a decline in full-year net income, has struggled through the pandemic with rising raw material, labour and transport costs.
