FMCG Shockwave: Nestle Plans Massive 16,000 Job Cuts Amidst Broader Layoff Trend
Nestlé SA, under its new CEO Philipp Navratil, announced plans to cut 16,000 jobs globally over the next two years, representing 6% of its workforce. This major restructuring aims to accelerate a company turnaround and save 1 billion Swiss francs amidst changing market conditions and a reported sales decline. The layoffs, impacting both white-collar and production roles, are part of a broader strategy to boost growth and evaluate the company's portfolio.David Isong • Startup • 8 months ago • 1 minute read •
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
Loading...