Rolling coverage of the latest economic and financial news
- Latest: UK manufacturers plan biggest domestic price rises since 1977
- Unilever cutting 1,500 management jobs
- Royal Mail to cut 700 managers
- European markets pick up, but still jittery
- Bloomberg: Nvidia preparing to drop ARM takeover
- UK borrowed £16.8bn in December, debt repayments hit record
Jobs are also being cut at Unilever.
The Marmite maker Unilever has just announced it plans to cut around 1,500 senior and junior management roles as part of a global restructuring plan.
The proposed new organisation model will result in a reduction in senior management roles of around 15% and more junior management roles by 5%, equivalent to around 1,500 roles globally.
Changes will be subject to consultation. We do not expect factory teams to be impacted by these changes.
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