Chief Executive 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/marmitema...

#unilever #business #economy

SUBSCRIBE to our YouTube channel for more videos:    / skynews  
Follow us on Twitter:   / skynews  
Like us on Facebook:   / skynews  
Follow us on Instagram:   / skynews  
Follow us on TikTok:   / skynews  

For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/skyn... Android https://play.google.com/store/apps/de...

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:    / @skynewsespanol  

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/librarysales