The cosmetics and personal care product manufacturer Unilever plans a savings plan. Unilever wants to reduce costs by 1 billion euros over three years, according to the Europa Press news agency.
Unilever plans to address "unrecoverable" costs after making effective the operation of its food division with McCormick, through savings generated from organizational simplification, process redesign, and technological initiatives.
The group forecasts annual sales growth of between 4% and 6% by 2027 and an increase in operating margin with the aim of providing profitability to shareholders.
Unilever will launch a new operating model in the coming months to simplify processes that will help the convergence of brands in its portfolio, long-term resource allocation, key marketing capabilities, governance, and the global deployment of its leading brands and the development of multi-year R&D programs.