Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Unilever, multinational producer of food and household products, has announced that it will cut 1,500 management jobs worldwide, as the company is trying to improve its performance after a failed acquisition of GlaxoSmithKline’s consumer health unit. Around 15% of senior managers and 5% of junior managers will be dismissed. Job cuts are part of a restructuring programme aimed to reshape Unilever’s business: there will be five main business units - beauty and wellbeing, personal care, home care, nutrition, and ice cream.
Currently, Unilever employs 149,000 people globally.
Eurofound (2022), Unilever PLC, Internal restructuring in World, factsheet number 106333, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106333.
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