Unilever to separate ice cream business, layoff 7,500 employees
Shortpedia
Content Team
Image Credit: newsbytes
British FMCG giant Unilever has announced plans to separate its ice cream division, home to well-known brands such as Ben & Jerry's and Magnum. This decision is part of a broader cost-reduction plan that will likely lead to the layoff of 7,500 workers. The separation process is set to commence immediately with a target completion date by the end of 2025. CEO Hein Schumacher is spearheading this restructuring initiative with a goal of saving €800 million over next three years.
