Financing the spreads sale buyout: the new company will be buried in debt
According to a Reuters article of January 9 KKR’s EUR 6.25 bn purchase of Unilever’s spreads division will be financed through EUR 5.65 bn in debt – a debt equivalent...
KKR, the new boss at Unilever spreads
...and Unilever was not inclined to invest substantially in the future of the business. Unilever’s spreads division appealed to KKR because of its huge cash flow. While KKR is now...
Successful negotiations bring a real wage increase for ice cream workers at Unilever Russia
The IUF-affiliated Novoprof union of workers at Unilever’s ice cream factory in Omsk, Russia has successfully negotiated a wage increase which puts wages ahead of the projected inflation rate. The...
Settlement at Unilever Australia defends collective bargaining rights
...on collective bargaining. When negotiations for the renewal of the enterprise agreement at Streets deadlocked in July this year, Unilever announced that negotiations were over and applied to the Fair...
Strikes in the Netherlands win improved pensions, job security for Oss workers following factory sale
...Unox, Bertolli and Knorr products under license, and employs the workers under a long-term agreement with Unilever. IUF affiliates around the world with members at Unilever sent messages of solidarity...
Strike action in The Netherlands as Unilever rejects pension, employment guarantees following sale of Oss factory
...a long-term agreement with Unilever. With this deal, the Oss workers lose their Unilever pensions. While Unilever secured a long-term income stream under the arrangement with Zwanenberg, in negotiations with...
Colman’s Mustard Norwich factory faces possible closure
Unilever on October 3 announced a review of the future of the Colman’s Mustard factory in Norwich, UK, following the decision by soft drinks maker Britvic, with whom Unilever shares...
Brutal attack on jobs and working conditions at Nestlé joint venture FRONERI
...workers risk losing their jobs so the company can reach a target of 20% operating margin (read: profit). Nestlé’s stated rationale for forming this joint venture was to challenge Unilever’s...
UFCW success at Unilever US
...about what the agreement means to them. Ongoing negotiations between the IUF and Unilever corporate management built on Unilever’s recognition of the IUF established a framework for ensuring that the...
Spreads division for sale: what next for Unilever workers?
...returns of capital through either share buy-backs or special dividends.” Finally, Unilever will be reviewing the company’s dual Anglo-Dutch business structure. The IUF has proposed to Unilever, and the company...
No room for sexual harassment at the workplace!
...workplace. On January 26, 2016, Unilever, the IUF and IndustriAll signed a Joint Commitment on preventing sexual harassment. A new brochure from the IUF based on this agreement presents concrete...
International Women’s Day 2017 – More women, more power!
...gender-based violence into all IUF regions. In January 2016 the IUF signed a joint commitment with Unilever to prevent and combat sexual harassment. The agreement recognizes the particular vulnerability of...