We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Restructuring At Unilever Ireland Results In €9.8 Million Loss In 2010

November 16, 2011: 03:31 AM EST
Unilever’s Ireland unit lost €9.8 million in 2010, mainly because of restructuring costs totaling €7.1 million, which included severance payments, according to a report filed with the Irish Companies Office. The report noted that sales in the country dipped slightly in 2010 to €247.7 million from €248.4 million in 2009. The company’s pre-tax loss of €9.8 million was slightly better than the €10.6 million figure recorded in 2009. According to company directors, Unilever Ireland “saw decline in underlying turnover for the third consecutive year” and “In order to ensure the future success of the business, we announced a significant restructure.” The number of employees dropped to 210 from 238, and staff costs decreased by 10 percent, after “significant redundancies across all functions” were found.
Gordon Deegan, "Restructuring played part in Unilever's €9.8m loss-report", The Irish Times, November 16, 2011, © IrishTimes.com
Domains
FOOD BUSINESS NEWS
News
Companies
Market News
Operations
Geographies
Worldwide
EMEA
Europe
Ireland
Categories
Companies, Organizations
Market News
Developed by Yuri Ingultsov Software Lab.