‘Unilever will cut thousands of jobs’ | Financial

The news comes shortly after it became known that American activist investor Nelson Peltz would have bought shares in the company. Unilever owns brands such as Ola, Ben & Jerry’s, Unox and Knorr.

A spokesperson for Unilever Netherlands says he does not want to comment on rumors in the market. The group has approximately 2700 employees in the Netherlands. There are about 150,000 worldwide. According to Bloomberg, the news could officially come out this week.

Peltz’s investment fund, Trian Fund, is known for transforming large companies. This happened earlier at the company behind cola brand Pepsi and the French food group Danone. It is not known with what intentions and with how many shares Peltz will enter Unilever. The company’s shares rose by 7% on the stock exchange after the news of the investor’s entry. That is the largest increase in eighteen months.

Under pressure

CEO Jope is under increasing pressure to change the course of the company, because it is not growing as fast as competitors. The Briton said last week that he wanted to focus more on health and want to stop underperforming industries.

It was then also announced that Unilever had made a failed bid of £50 billion (about €60 billion) for the consumer arm of GlaxoSmithKline (GSK), which makes Advil painkillers and Sensodyne toothpaste, among others. Higher than that, Unilever has said it will not go.

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