Exclusive: Unilever nearly halves expected European job cuts, switching some staff to ice cream unit-works council
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Unilever is reducing its planned job cuts in Europe by about 1,500 positions and is hiring around 1,000 people for its ice cream business, which is set to be spun off.
November 15, 2024 | 12:15 pm
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Unilever is cutting fewer jobs in Europe than expected and is hiring for its ice cream business spin-off, indicating a strategic shift in its operations.
The reduction in job cuts and hiring for the ice cream unit suggests a positive strategic move by Unilever, potentially improving its operational efficiency and market focus. This could be seen as a positive development by investors, leading to a short-term positive impact on the stock price.
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