BusinessCompany NewsJobs cut as Unilever awards finance outsourcing contract

Jobs cut as Unilever awards finance outsourcing contract

IBM wins lucrative financial transaction outsourcing deal from retailer, but 750 jobs to go

Unilever has awarded a multi-million pound, seven year, deal for financial
transactional services outsourcing to IBM, resulting in the loss of 750 jobs.

The agreement, which covers more than 20 European countries, aims to
streamline the company’s organsiation to drive competitiveness and growth.

IBM will provide financial services including purchase-to-pay, general
accounting and bill-to-cash that will be delivered from IBM centres in Portugal,
Poland and India.

Unilever has predicted ‘significant cost savings’ from the project, which
will contribute to towards its annual 700m euro savings programme.

The project will be implemented over a two-year period, starting in the new
year, with 750 jobs disappearing across Europe over the same period.

‘We will follow all appropriate consultation processes. When jobs are
affected we will do our best to find them alternative employment,’ said Kees van
der Graaf, president of Unilever Europe.

Tony Cronin, general manager, business transformation outsourcing, IBM, said:
‘The agreement will create long-term economic benefits for Unilever.’

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor