Unilever Announces Major Restructuring Plan: Job Cuts and Spinoff of Ice Cream Unit
Unilever, a global consumer goods giant, has unveiled plans to cut 7,500 jobs and spin off its ice cream unit in a move aimed at reducing costs and streamlining its brand portfolio. The decision was announced by Unilever’s chair, Ian Meakins, who stated that the goal is to create a “simpler, more focused and higher performing Unilever.”
The ice cream division, which includes popular brands such as Ben & Jerry’s, Cornetto, Magnum, Talenti, and Wall’s, generated 7.9 billion euros in sales last year, accounting for approximately 13 percent of Unilever’s total revenue. The spinoff is expected to be completed by the end of 2025.
This restructuring is part of Unilever’s broader strategy to drive growth and unlock potential by focusing on a streamlined portfolio of just 30 key brands. The company’s CEO, Hein Schumacher, who took over in July, has been vocal about the need to simplify Unilever’s operations and improve performance.
While the job cuts are part of a cost-cutting effort, Unilever has assured that it remains committed to supporting its employees through the transition. The company has said that it will provide support and resources to affected workers as they navigate this period of change.
Overall, the announcement of these major changes at Unilever marks a significant shift for the company as it seeks to position itself for future success in a rapidly evolving market.
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