Unilever announces new HR lead as part of restructure

Consumer goods company Unilever has confirmed it will cut 1,500 jobs as part of a restructure of its global operations.

The company, which produces well-known brands such as Dove Soap and Marmite, said the cuts would be to senior and junior management roles as it simplified its organisational structure.

As part of this, Nitin Paranjpe, chief operating officer, will take on a new role as chief transformation officer and chief people officer, heading up the HR function.

It confirmed the job losses after details were leaked to some news outlets on Monday this week (24 January).

Unilever will now be made up of five divisions: beauty and wellbeing; personal care; home care; nutrition and ice cream. The company employs 149,000 people globally, with around 6,000 of those roles in the UK and Ireland.

A centralised business operations group will “provide the technology, systems and processes to drive operational excellence across the business”, Unilever confirmed.

Speculation that an “activist” hedge fund, Trian Partners, had taken a significant stake in the company emerged earlier this week, causing Unilever’s share price to spike.

Trian has a reputation for challenging its investment companies to make strategic and governance changes.

Unilever itself made a bid for rival GlaxoSmithKline’s consumer division earlier this month, but GSK believed the offer was too low and the deal fell through.

Alan Jope, Unilever’s CEO, said: “Our new organisational model has been developed over the last year and is designed to continue the step-up we are seeing in the performance of our business.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

URL

This field is for validation purposes and should be left unchanged.

Δ

“Moving to five category-focused business groups will enable us to be more responsive to consumer and channel trends, with crystal-clear accountability for delivery. Growth remains our top priority and these changes will underpin our pursuit of this.”

HR opportunities in the FMCG sector on Personnel Today

Browse more HR opportunities in the FMCG sector