Unilever to cut 7,500 jobs and spin off ice-cream business

  • 📰 NewstalkFM
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 55%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The 7,500 job cut figure applies to Unilever without its ice-cream business

Unilever - the firm behind brands such as Ben & Jerry's, Dove and Domestos - has revealed plans to cut around 7,500 jobs globally.the job cuts will be"predominantly office-based" with the roles to be impacted over the next two years.

Unilever currently employs approximately 128,000 staff worldwide and over 6,000 people across Ireland and the UK."Ice-cream has a very different operating model, and as a result the board has decided that the separation of ice-cream best serves the future growth of both ice-cream and Unilever," the London-based firm said on Tuesday.Following the separation, it said Unilever will become more focused on beauty and wellbeing, personal care, home care and nutrition.

Unilever CEO Hein Schumacher said the new programme will be carried out in consultation with employee groups. "Simplifying our portfolio and driving greater productivity will allow us to further unlock the potential of this business, supporting our ambition to position Unilever as a world-leading consumer goods company delivering strong, sustainable growth and enhanced profitability," he said.

"We are committed to carrying out our productivity programme in consultation with employee representatives, and with respect and care for those of our people who are impacted," he added.Main image: Pints of Ben & Jerry's ice cream in a freezer, 15-2-16. Image: Sara Stathas / Alamy

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business leaders strike cautious earnings note even as S&P 500 hits record levelsChief executives up and down corporate America are fighting to ensure they keep expectations in check even as rising quarterly profit reports help drive the S&P 500 higher
Source: businessposthq - 🏆 8. / 71 Read more »