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By

LONDON: Unilever on Tuesday announced plans to cut 1,500 jobs worldwide under a major restructure of the British consumer goods giant.

Activist investor provides twist in Unilever soap opera

The announcement comes after the maker of Magnum ice cream and Dove soap failed with a £50-billion takeover bid for the consumer health care unit owned by pharmaceutical groups GlaxoSmithKline and Pfizer.

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