Overcast 35°
Tag:

Business Restructuring

News
Cold Hard Cuts: 7,500 Employees Let Go From North Jersey Company Parting Ways With Ice Cream Cold Hard Cuts: 7,500 Employees Let Go From North Jersey Company Parting Ways With Ice Cream
Cold Hard Cuts: 7,500 Employees Let Go From North Jersey Company Parting Ways With Ice Cream Unilever is saying goodbye to ice cream, and thousands of employees. The global consumer goods company is cutting 7,500 roles worldwide as part of its new "productivity program," the company announced Tuesday, March 19. Many say the move is a cold one, as for the first time since 1922, Unilever is leaving the ice cream business. According to a release, ice cream generated approximately $8.6 billion in 2023 for Unilever. And according to the New York Times, that's approximately 13 percent of the total revenue for the year. Unilever has owned some of the most popular ice cream brands in the…

SHARE

by Cecilia Levine
Business
North Jersey Mattress Firm Among Hundreds Shuttering After Retailer Files For Bankruptcy North Jersey Mattress Firm Among Hundreds Shuttering After Retailer Files For Bankruptcy
North Jersey Mattress Firm Among Hundreds Shuttering After Retailer Files For Bankruptcy Mattress Firm announced it will be closing more than 200 stores across the U.S. after filing for Chapter 11 bankruptcy protection on Friday. Of its nearly 3,500 U.S. stores, the Route 46 Saddle Brook location and five other New Jersey locations will shutter as early as next week as part of a business restructuring plan. Nearly 700 total stores will close within 45 to 60 days, the company said. CLICK HERE FOR THE FULL LIST OF THE NEARLY 200 CLOSURES.

SHARE

by Cecilia Levine