Unilever to Cut Jobs and Spin Off Ice Cream Business in Major Company Restructuring

• Unilever will cut about 7,500 office-based jobs globally as part of restructuring • Seeking to separate ice cream division from rest of company to allow more flexibility • Believe future growth potential of ice cream better under different ownership • Most likely path is a "demerger" with full separation by end of 2025 • Comes after Unilever announced 1,500 management job cuts in 2022 after stock dropped 10% in 2021