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Unilever To Cut More Jobs, Close Factories If European Consumer Income Falls, CEO Says

August 2, 2014: 12:00 AM EST
Unilever would have to cut its European workforce further if consumers’ income levels fall in the region, according to company CEO Paul Polman. Reports said Polman indicated his company would “cut costs now and also close factories if the need is no longer there.” Unilever downplayed the report, however, with a company spokesperson saying the company has not announced any cost-cutting programs, based on its July 24, 2014, quarterly report.
"Unilever would eye job cuts if markets weaken: magazine", Reuters, August 02, 2014, © Thomson Reuters
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