Unilever denies planning to cut thousands of jobs

CONSUMER products giant Unilever yesterday distanced itself from reports that it was planning to shed thousands of management jobs.

The Anglo-Dutch group, which last week rocked investors with a profits warning, said it was not planning “a big jobs cull” as part of moves to simplify its operations around the world.

Speculation that Unilever was preparing for major job cuts followed its announcement on Monday that it was accelerating a reorganisation of the company.