Thursday, June 25, 2009

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30 HUL managers face layoff or redeployment

Hindustan Unilever Ltd (HUL) has shed or reassigned 30 managers as part of a plan to link revenue and profits to headcount, which, a retired top executive of the company said was “unprecedented” in the history of India’s largest consumer goods company.

Two people familiar with the matter told that some of these staff — including managers with 5 to 10 years of experience in the company — have been redeployed to functions such as research and development, while the rest have been given a severance package and laid off.

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