Ice cream unit to be spun off into a standalone company

  Spinoff to yield modest sales growth, margin improvement

  Ice Cream to be separated as a standalone, world-leading business

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  Productivity program to drive faster growth and higher margin

   About 5.9% of the global workforce is to be cut to slash costs

   The proposed changes would impact around 7,500 jobs globally

  Unilever aims to deliver mid-single-digit underlying sales growth and modest margin improvement after the split

  The company also launched a program to save costs of around 800 million euros

  Great news for shareholders regarding the ice cream division

Shares jumped 5.4% in early trading. The stock has dropped 5.8% over the past year.

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