FMCG Shockwave: Nestle Plans Massive 16,000 Job Cuts Amidst Broader Layoff Trend
Nestlé SA, the global foodmaking giant, is set to undergo a significant corporate restructuring under its new Chief Executive Officer, Philipp Navratil, involving the elimination of 16,000 jobs worldwide over a two-year period. This substantial cut represents approximately 6% of Nestlé's total workforce. Navratil, who took charge recently, stated on Thursday that
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