UK/NETHERLANDS: Unilever to cut workforce, production plants
Unilever has announced that it plans to cut jobs and production plants worldwide, as a result of cost cutting measures following its acquisition of US firm Bestfoods . The Anglo-Dutch consumer products group said it will cut 8,000 jobs and close at least 30 factories. The job losses are in addition to 25,000 layoffs announced last year as part of the company's "Path to Growth" strategy to focus on just 400 brands in order to boost sales and profit margins.
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