Unilever Layoff: FMCG giant to separate ice-cream unit; cut 7,500 jobs worldwide
The plan is expected to be complete by the end of 2025
Unilever will be separating its ice cream unit into a standalone business, the company has reportedly said. The move comes along with the announcement of a new cost-savings programme by the company which would impact 7,500 jobs. The company owns ice-cream brands such as Magnum and Ben & Jerry.
The plan is expected to complete by the end of 2025.
The job cuts will be made globally and total restructuring costs now anticipated to be around 1.2% of its turnover during the period, it explained.
On the seperation of the ice-cream unit, the company said, "The separation of Ice Cream will assist Unilever’s management to accelerate the implementation of its GAP, announced in October 2023, which is focused on doing fewer things, better, with greater impact to drive consistent and stronger topline growth, enhance productivity and simplicity, and step up Unilever’s performance culture."
"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," said Unilever.
