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Unilever is gearing up for an overhaul of its organizational structure that, it promises, will bear fruit in the second half of the year as inflation pressures grip the business.
Investors partly blame boycott for conglomerate's poor stock performance.
The consumer-goods giant has announced changes to its organisational model to make it a simpler and more category-focused business. The company will move away from its current matrix structure and will be organised around five distinct Business Groups: Beauty & Wellbeing (which includes Hair Care, Skin Care, as well as Vitamins, Minerals and Supplements, and Unilever Prestige); Personal Care (which includes Skin Cleansing, Deodorants, and Oral Care); Home Care; Nutrition; and Ice...
Unilever will cut at least 1500 jobs worldwide whilst simplifying its structure. The measure should speed up decision-making within the company.
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