Unilever scales back job cuts and shifts roles to ice cream [Yahoo! Finance]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: Yahoo! Finance
The prospect of job losses emerged in March as the FMCG giant announced a wave of cuts alongside a plan to spin off its ice-cream operations into a separate entity. Unilever's plans set off market speculation as to whether the ice-cream arm, home to brands including Magnum, might be sold entirely to an outside buyer. “When we announced the programme, we were determined to mitigate the impact of these changes on our people and so we are pleased that we have achieved this in Europe through a combination of role transfers to our ice-cream business, a hiring freeze and natural attrition,” Unilever said via a spokesperson today (15 November). "This has reduced the number of people who will leave our business while ensuring that we fully deliver on the cost savings that we committed to.” In March, a report emerged Unilever was working with advisers to explore a sale to private-equity investors At the time, the company declined to comment on whether it was gauging interest from in
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