India remains one of the top three priority markets for Hindustan Unilever’s parent company, Unilever, which recently announced an organizational restructure that will result in 1,500 job layoffs worldwide in senior and junior management positions.
A brief about Sanjiv Mehta of HUL predicts that Unilever’s top market by value will be India
Unilever’s proposed new organizational model, which will “reduce senior management roles by about 15% and more junior management roles by 5%, equivalent to about 1,500 roles globally,” will have an impact on Indian operations. When contacted for comment, an HUL spokesperson responded, “Changes, if any, will be announced in due course.”
The representative went on to say, “One of Unilever’s top three target markets has been and remains India. Under the supervision and direction of the HUL Board, Sanjiv Mehta, Chairman, and Managing Director will continue to serve as our executive leader.”
The spokesperson stated that HUL and the Unilever Group have a mutually advantageous and interdependent relationship and that HUL brings the best trends, innovations, and capabilities to the Indian market. She added, “We will continue to leverage this organizational structure to serve our consumers and customers even better.”
Unilever has concentrated on fostering rapid expansion inside its current business. Unilever introduced a new organizational structure to improve company performance.
The representative stated that “this operating model will enable greater agility, improve category concentration, and strengthen accountability.”
Nitin Paranjpe, Chief Operating Officer (COO), will take on a new job as Chief Transformation Officer and Chief People Officer, leading the business transformation and overseeing the HR function, according to a statement from Unilever.
However, Sunny Jain, President of Beauty and Personal Care at Unilever, has made the decision to quit the company in order to launch an investment fund for technological megatrends.
With each business group being fully responsible and accountable for their strategy, growth, and profit delivery globally, Unilever announced that it would abandon its current matrix structure and be organized around five distinct business groups, including ice cream, personal care, home care, nutrition, and beauty and wellbeing.
The new organizational model, according to Unilever CEO Alan Jope, has been developed over the past year and is intended to maintain the improvement in business performance the company has been seeing.
“We will be able to respond to consumer and channel changes more quickly as a result of our transition to five category-focused business divisions, with a clear sense of responsibility for delivery. Growth is still our top aim, and these changes will support our efforts to achieve it “added Jope.