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Nestle Plans to Cut Workforce by 16,000 in Cost-Savings Push
- Nestle plans to cut 16,000 jobs in the next two years to focus on higher return products, according to CEO Philipp Navratil.
- The cuts include 12,000 white collar jobs and 4,000 other roles, as stated in a company release.
- The layoffs aim to save Nestle about 1 billion SFr each year during the cost-savings effort.
- A Nestle spokesperson noted that the workforce reduction will affect markets globally over the next two years.
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335 Articles
The Swiss food conglomerate Nestle has announced the layoff of 16,000 employees over the next two years.
·Belgrade, Serbia
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Total News Sources335
Leaning Left47Leaning Right36Center93Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 27%
C 53%
R 20%
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