TSX higher on employment data
Investing.com -- Unilever announced it will review its top 200 roles for a 25% "refresh" as part of broader organizational changes, the company said at the Barclays Global Consumer Staples Conference on Wednesday.
The Dove soap maker is implementing wide-ranging operational changes that include cutting 7,500 jobs globally. These measures aim to address underperformance and improve profit margins across the consumer goods giant’s operations.
In February, Unilever replaced CEO Hein Schumacher with Fernando Fernandez, who previously served as the company’s finance chief. Fernandez is now accelerating the revamp plans that were initially outlined by his predecessor.
During the conference, Unilever reaffirmed its financial targets for 2025, maintaining its sales growth projection of 3% to 5% and an underlying operating margin exceeding 18.9%.
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