In major plans to restructure their company, Unilever plans to cut jobs of over 1500 management roles all across the world.

Prior to this announcements, Unilever made a loss in £50-billion a bid takeover for the health care unit of GlaxoSmithKline and Pfizer owned pharmaceuticals.

“Its proposed new organisation model will result in a reduction in senior management roles of around 15 percent”, said the Magnum ice cream and dove soap owner.