UL - What's Going On With Unilever Shares Today? | Benzinga
Unilever PLC (NYSE:UL) shares are trading higher on Friday.
The consumer goods giant intends to reduce one-third of its office positions in Europe by the end of 2025 as part of efforts led by the CEO to stimulate growth, Reuters reported.
Unilever announced plans to eliminate up to 3,200 positions across Europe by the end of 2025 during a company-wide call with senior executives on Wednesday.
This move comes amidst ongoing efforts by the company, which counts billionaire activist investor Nelson Peltz among its shareholders and board members, to streamline its operations.
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