Nestle to axe 16,000 jobs as new boss pushes to cut costs
Summary
Nestle plans to cut 16,000 jobs over the next two years to focus on more profitable products. This action is part of a cost-saving strategy led by new CEO Philipp Navratil. The company aims to save about 1 billion Swiss Francs each year.Key Facts
- Nestle will cut 16,000 jobs over two years.
- The new CEO, Philipp Navratil, is leading this effort.
- The goal is to focus on products with the highest potential for profits.
- Nestle aims to save about 1 billion Swiss Francs annually.
- Most of the job cuts (12,000) will be for white-collar positions.
- Nestle reported increased sales for the first nine months of 2025.
- The company owns brands like Nescafe, KitKat, and Maggi.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.