Hindustan Unilever to cut 50 managerial jobs

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New Delhi: After IT giant TCS, now FMCG major Hindustan Unilever has also decided to cut approximately 50 managerial jobs.

According to the organisation, the changing business requirements have resulted in certain managerial positions becoming ''surplus" and Hindustan Unilever has over 1,100 managers.

Commenting on the reason behind the job cut, the company told a news agency that, "The underlying objective was to ensure that right talent was handling the right jobs which in turn ensure challenging and enriching jobs that allow for long-term growth opportunities to the employees."

It, however, reiterated the company was also recruiting talent in new emerging areas in line with the emerging market opportunities and attendant business priorities.

The Anglo-Dutch maker of brands like Surf, Lipton, Dove soap, Vaseline and Knorr soup had announced 11 per cent cut in its workforce globally amounting to 20,000 jobs over the next four years.

However it had also mentioned at that time that majority of restructuring would be done in Europe and the company's Indian operations will not be impacted by the decision.