Unilever to lay off 1,500 employees after failed GSK-Pfizer unit takeover bid

London: Unilever on Tuesday announced plans to cut around 1,500 management jobs worldwide under a major restructure of the British consumer goods giant. The announcement comes after the maker of Magnum ice cream and Dove soap failed with a £50-billion ($68 billion) takeover bid for the consumer health care unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer. Unilever said its “proposed new organisation model will result in a reduction in senior management roles of around 15 per cent”. It added in a statement that junior management roles would be cut by five per cent. Together the cuts totalled “around 1,500 roles globally”. Unilever plans to create five distinct business groups: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. “Each business group will be fully responsible and accountable for their strategy, growth, and profit delivery globally,” it said. Chief executive Alan Jope, who has faced investor criticism over the recent failed takeover, added: “Growth remains our top priority and these changes will underpin our pursuit of this.” The group last week said it would not increase its offer for the GlaxoSmithKline-Pfizer unit. That came after GSK said it had received three unsolicited offers from Unilever for GSK Consumer Healthcare, all of which were rejected for being too low. Read all the Latest News , Trending News ,  Cricket News , Bollywood News , India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.