Unilever Lowers Planned Layoffs In Europe, Moves Some Employees To Ice Cream Business

Unilever Plc has managed to strike a deal that will help the firm reduce the job cuts announced earlier. Citing a spokesperson from the company, the report noted, “We remain fully on track to deliver the 800 million euros savings from our productivity programme.” Notably, in July, Unilever said that it plans to reduce a third of all office jobs in Europe by 2025 end, to boost growth. Earlier in March, CEO Hein Schumacher, said that he would cut off the ice cream unit which has been underperforming and begin a cost-cutting programme at the company to secure investor confidence. This committee found that the ice cream business contributed to nearly 3 per cent of the overall turnover. The company said, “This will allow the ice cream business to operate with greater flexibility and focus.” Also Read : Govt Likely To Launch PLI Scheme To Boost Power Transmission: Report