Visitors: 0

What issue is Unilever facing in United Kingdom?

Unilever building Rotterdam , Netherlands-august 13, 2015: Unilever is a multinational company in the field of food, personal care and cleaning products. unilever stock pictures, royalty-free photos & images

Unilever is one of the biggest FMCG companies, and it has one of the biggest cosmetic ranges around the world. 

Some of the examples of cosmetic products that Unilever produce include;

  1. Lux Soap
  2. Dove Personal Care Brand
  3. Rexona
  4. Lifebuoy
  5. Sunsilk, etc

Why has Unilever faced expulsion from UK Government?
Unilever is facing expulsion issues from UK Government because of the Prompt Payment Code

So what is UK Government's say is that Unilever should improve its Payment Performance.

What are the details of this issue?
This Prompt Payment Code (PPC) promotes fair treatment of suppliers, which have a Small Business Commission. UK Government is asking to speed up the payment processor else Unilever will have to leave the code.

Unilever is the second most valuable company in the FTSE 100 share index, and it was among 20 companies suspended from the code in 2019 after it failed to pay bills within 60 days. And it included 95 percent of the bills, which Unilever had to pay.

Government authorities want to ensure that multinational Giants also adhere to government and standard norms.

Are these kinds of issues new for Unilever?
Well, when we have different people in a multinational giant company, these kinds of issues arise. But organizations should be fast enough to solve those issues.

Some of the earlier controversies might include:

  1. Price-fixing cartel in Europe: 
    In April 2011, Unilever was fined €104 million by the European Commission for establishing a price-fixing cartel for washing powder in Europe, along with Procter & Gamble and Henkel.
  2. Pressurizing media to promote skin whiteners:
    Kinita Shenoy, an editor of the Sri Lanka edition of Cosmopolitan, refused to promote skin whiteners for a brand of Unilever. Unilever put pressure on her and asked Cosmopolitan to fire her.

1. Unilever
2. Unilever faces expulsion



Jammu & Kashmir - History, Culture & Traditions | J&K Current Trends | Social Network | Health | Lifestyle | Human Resources | Analytics | Cosmetics | Cosmetology | Forms | Jobs

Related blogs

Quote of the Day

"Time Flies Over, but Leaves its Shadows Behind"