Unilever's 10th largest shareholder praises jobs cuts and ice cream business demerger

Managing director of Fundsmith and Unilever's 10th largest shareholder, Terry Smith, joined Sky News to discuss Unilever's plans to cut 7,500 jobs across its global operations. The company separately announced that it planned to spin off its ice cream business, which includes the Ben & Jerry's, Magnum and Wall's brands, by next year. He said, "it's positive - ice cream has been a troubled category for them". He also praised the job cut plans, saying "sales productivity per employee was lower than that of Kraft Heinz", the company which abandoned its £115bn offer to buy Unilever in 2017. Read more: https://news.sky.com/story/marmite-maker-unilever-to-cut-7-500-jobs-13097884 #unilever #business #economy SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales