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.

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

Next In Business News

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read