Unilever’s Sales, Profits Rise in First Half as Company Slashes Jobs

  • 📰 wwd
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

Unilever (ULVR) saw sales, profits rise in the first half with a new efficiency drive working and layoffs going forward in Europe, and elsewhere.

In the six months to June 30, turnover rose 2.3 percent to 31.1 billion euros, with underlying sales rising 4.1 percent. In the second quarter, turnover rose 2.2 percent to 16.1 billion euros, and 3.9 percent underlying.

As part of that productivity program, Unilever plans to make 7,500 office-based layoffs globally and achieve total cost savings of around 800 million euros over the next three years. The company said that in the six-month period, Liquid IV grew strong double digits with the continued success of its sugar-free variant, launch of new flavors supported by prominent social media campaigns, and ongoing international rollout.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in BUSİNESS

Business Business Latest News, Business Business Headlines