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View More »Unilever is cutting 7,500 jobs and spinning off its ice cream business
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Unilever says it’s cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits. Correspondent Jeremy House has more on the story.
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VERBATIM: The London-based company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline says its ice cream business, which also includes Magnum bars would benefit from separate ownership to increase growth. It says the split is expected to be completed by the end of next year. The British consumer goods company with 128,000 employees also says it’s launching a “productivity program” that’s expected to lead to a reduction of about 7,500 mostly office-based jobs worldwide and save $867 million over the next three years…JH reporting.
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