Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit, which includes Ben & Jerry's and Magnum, as part of a restructuring plan that will impact 7,500 jobs.
Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit, which includes Ben & Jerry's and Magnum, as part of a restructuring plan that will impact 7,500 jobs.Unilever said the restructuring would help in its aims to become "a simpler, more focused company," with four distinct business divisions.
A family enjoys the visitor attractions at Ben & Jerrys factory in Waterbury, Vermont on June 24, 2021.rose more than 5% Tuesday after the company announced plans to separate its ice cream unit, which includes Ben & Jerry's and Magnum, as part of a restructuring that will impact 7,500 jobs. "The proposed changes are expected to impact around 7,500 predominantly office-based roles globally, with total restructuring costs now anticipated to be around 1.2% of Group turnover for the next three years ," a statement said.The restructuring will begin immediately and is expected to be completed by the end of 2025, the company said. It is anticipated to deliver total cost savings of around 800 million euros .
Unilever said the restructuring would allow it to become "a simpler, more focused company," with four distinct business divisions across beauty and wellbeing, personal care, home care and nutrition.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ben & Jerry’s Free Cone Day 2024: How To Get Free Ice CreamWashington, D.C. native Joseph Lamour is a lover of food: its past, its present and the science behind it. With food, you can bring opposites together to form a truly marvelous combination, and he strives to take that sentiment to heart in all that he does.
Read more »
Consumer Price Index increases 2.9% in Canada vs. 3.3% forecastThe high-impact Consumer Price Index (CPI) data from Canada will be published by Statistics Canada on Tuesday at 13:30 GMT.
Read more »
8 ON YOUR SIDE CONSUMER ALERT: More than 15 million laptop AC adapters recalledMontgomery, Alabama
Read more »
Top 10 Most Reliable Vehicles for 2024 - Consumer Reports | Car NewsAuto123 takes a look at the models deemed the most reliable in 2024 according to Consumer Reports. Toyotas galore, and a few surprises…
Read more »
The 10 best auto brands for 2024 in Consumer Reports' rankingsConsumer Reports' top automakers for 2024 include some surprises, and disappointments for many companies.
Read more »
Study Touts Benefits of Liberal Sports Betting Regulation for Sports Integrity, Consumer ProtectionIBIA study finds limiting onshore bet types is counter-productive. Markets with a broad product choice are most successful in limiting offshore play.
Read more »