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Will reduce lineup by 30% and cut 2,000 jobs in the new year.
December 5, 2013
By: TOM BRANNA
Editor
A couple of weeks ago, Unilever CEO Paul Polman warned that gains in emerging markets—his company's bread and butter—were disappearing. Now, he's taking drastic measures ahead of the slowdown. The company will cut the number of individual products it sells by 30% by the end of 2014 to become more efficient and navigate a global economic slowdown it admits it was slow to confront.At the same time, it is cutting about 2,000 jobs and will continue to adjust its portfolio. “The gl...
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