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Unilever to Guarantee European Employee Terms for 2 Years After McCormick Merger

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UL Unilever plc ADR
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  1. 1Unilever (UL) has agreed to protect employment conditions for staff in its European and UK food businesses for two years following the completion of its $65 billion merger with McCormick.
  2. 2Approximately 4,800 employees are covered—about one-third of the regional workforce—and the agreement applies until at least mid-2029.
  3. 3The measure was requested by the European Works Council and, while longer than the legally typical one year, is shorter than the three-year guarantee given for the Magnum ice cream business.

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