Unilever Targets £830 Million in Productivity Savings by 2029
· Business · The Independent, Reuters
Unilever plans to achieve approximately one billion euros, or £830 million, in productivity savings by the end of 2029 through organizational simplification and technology initiatives. The consumer goods company aims to streamline operations following the upcoming merger of its food business with US-based rival McCormick. Unilever also projects annual underlying sales growth of 4% to 6% in the medium term. The company did not disclose whether these efficiency measures would result in job losses.
Why it matters
These cost-cutting measures are intended to improve operating margins and sharpen the company's focus on its home and personal care business segments.
Read the original report — The Independent
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