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

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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.

 

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