Exclusive-Unilever nearly halves expected European job cuts, switching some staff to ice cream unit-works council [Yahoo! Finance]
Unilever PLC (UL)
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unilever.com/investor-relations
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Source: Yahoo! Finance
people, primarily those affected by its cost-cutting drive, for its soon-to-be spun off ice cream business, the head of the company's European Works Council told Reuters. The British company, whose shareholders include billionaire activist investor and board member Nelson Peltz, has been trying to streamline its business over the past year under CEO Hein Schumacher. Prior to his apppointment, Unilever had underperformed for years and was criticised for allowing its brand portfolio to grow to around 400, leaving management with too little time to focus on its best performers. Some investors had also said Unilever was too slow to revive margins in the wake of the Covid-19 pandemic and needed to become leaner. Unilever said earlier this year it would axe 7,500 jobs globally as part of a restructuring to save about 800 million euros ($845 million). It also said it would spin off its ice cream unit which is home to brands including Ben & Jerry's and Magnum. Unilever's European Wo
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News
- Ben & Jerry's lawsuit accuses parent company of censorship over Gaza [Yahoo! Finance Canada]Yahoo! Finance Canada
- Ben & Jerry's lawsuit accuses parent company of censorship over Gaza [Yahoo! Finance]Yahoo! Finance
- Unilever scales back job cuts and shifts roles to ice cream [Yahoo! Finance]Yahoo! Finance
- Here are the 4 posts Ben and Jerry's said its parent company ordered it not to publish [Business Insider]Business Insider
- For the 5th Consecutive Year, Hellmann's Mayonnaise Returns to the Big Game [Yahoo! Finance]Yahoo! Finance
UL
Sec Filings
- 11/8/24 - Form 6-K
- 11/5/24 - Form 6-K
- 10/24/24 - Form 6-K
- UL's page on the SEC website