"What is staggering is the amount of fat, in 2007, that a company of this size and standing can cut"

It's not hard to see why Unilever is shedding 20,000 jobs (see p4). After years of negligible growth and margin underperformance versus rivals like Procter & Gamble and Reckitt Benckiser, the One Unilever programme initiated in 2005 is starting...