Unilever to cut 1500 jobs as part of company restructuring
Zee News
A lean Unilever Corporate Centre will continue to set Unilever's overall strategy, the company said.
New Delhi: UK-headquartered consumer goods giant Unilever on Tuesday announced a major organisational shakeup to make the company leaner, which involves some of its Indian-origin executives, and plans to lay off 1,500 staff as part of the wider restructuring of its global operations.
Sanjiv Mehta retains executive leadership of Mumbai-headquartered subsidiary Hindustan Unilever, while Unilever Chief Operating Officer (COO) Nitin Paranjpe will take on a new role as Chief Transformation Officer & Chief People Officer, leading the business transformation and heading the HR function for the transformed organisation.
The company said Sunny Jain, President of Beauty & Personal Care, has decided to leave Unilever to set up an investment fund in technology megatrends.
