Unilever to spin off ice cream unit, cut 7,500 jobs


UNILEVER plans to spin off its ice cream unit, home to popular brands such as Magnum and Ben & Jerry's, into a standalone business, as the consumer goods group announced a new cost-savings programme on Tuesday that would impact 7,500 jobs.

The spin off will begin immediately and is expected to complete by the end of 2025, the London-listed company said.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Unilever , ice cream , Magnum , jobs

Next In Business News

TNB’s LNG move boosts long-term growth outlook
Tanjung Embang set to become Sarawak green growth hub
Pekat’s prospects brighten on solar job
Global IPOs unlikely to trigger outflows
Malaysia’s growth paradox
Altice France sells SFR in US$23bil deal
Jakarta’s commodities reality check
Bulls seek protection in world’s hottest market
MISC’s�carbon capture and storage push deepens with new charter deal
High fuel costs set to trigger airline consolidation

Others Also Read