Unilever Announces Major Workforce Reduction and Business Division Split
Tuesday, 19 March 2024, 09:36
Unilever Restructuring Announcement
Unilever, the owner of Magnum, unveiled a significant reorganization plan that will involve cutting 7,500 jobs worldwide. The company also plans to spin off its subsidiary responsible for Ben & Jerry's and Viennetta ice cream brands.
Key Points:
- 7,500 job cuts globally to enhance operational efficiency
- Spin-off of ice cream unit for strategic business focus
This strategic decision underscores Unilever's commitment to adapting to market dynamics and optimizing its business structure for sustainable growth.
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