Consumer goods giant Unilever says to cut 1,500 jobs

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

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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.