Unilever, the company behind popular brands like Ben & Jerry’s and Dove, announced plans to cut 7,500 jobs and spin off its ice cream business. The decision aims to reduce costs and enhance profitability. The British consumer goods giant also revealed a productivity program to streamline operations, targeting savings of 800 million euros over the next three years. CEO Hein Schumacher emphasized the company’s focus on driving growth and profitability, signaling a shift in Unilever’s strategic direction. Investors responded positively to the news, with Unilever’s shares rising on the London Stock Exchange. The move comes as Unilever seeks to navigate challenges in the consumer goods market and position itself for long-term success.
Unilever to Cut 7,500 Jobs, Spin off Ice Cream Business for Growth, UK
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