The Marmite maker Unilever has announced plans to cut 1,500 management jobs globally, as it comes under mounting pressure from a US activist investor and other shareholders to improve its performance.
The FTSE 100 company, known for brands such as Dove soap, Hellmann’s mayonnaise and Ben & Jerry’s ice-cream, said it would reduce its senior management roles by 15% and more junior management posts by 5% as it takes out some layers to simplify the business, including in the UK. It will consult unions on the plans and stressed that shop floor workers in its factories would not be affected.
