Unilever cuts 6,000 jobs as restructuring nears completion

Unilever has cut around 6,000 jobs globally in the first quarter of 2025 as part of a restructuring plan aiming to eliminate 7,500 positions, mostly in office-based roles, to save approximately €800 million by the end of the year. The company expects to achieve €550 million in savings in 2025 from these changes and is also proceeding with the separation and public listing of its Ben & Jerry’s and Magnum ice cream arm, which will operate independently as The Magnum Ice Cream Company from July. Despite the job cuts and restructuring, Unilever reported underlying sales growth of 3%, driven by strong performances in its premium and power brands such as Dove and Rexona, although overall turnover declined due to disposals and negative currency impacts. CEO Fernando Fernandez expressed confidence in meeting full-year targets, citing the company’s innovation and brand investments, but acknowledged ongoing macroeconomic uncertainty and the need for agility in response to fluctuating market conditions. The company also noted that the impact of new trade tariffs, such as those introduced by the Trump administration, is expected to be limited and manageable. Unilever maintained its sales growth outlook for the year, underscoring its commitment to streamlining operations and adapting to global economic challenges.