Nestle to cut 16,000 jobs
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Nestle India Q2 Preview: Analyst Sees Over 10% Upside If Results Beat Street Estimates
Nestle India shares ended nearly 4% higher on Wednesday ahead of its Q2 earnings report on October 16. Revenue growth is seen at 8–10% year-on-year (YoY), while profits are likely to rise 6-8% in the September quarter (Q2).
Nestlé will cut around 16,000 jobs worldwide over the next two years as it works to slash costs, including through automation, the world’s largest food company said Thursday.
Nestle reported fiscal 2023 results that included organic growth of 7.2% (real internal growth of negative 0.3% and pricing up 7.5%), below the company-compiled consensus estimate of 7.4% and our own 7.5%, driven predominantly by worse-than-expected real ...
For more than three years, Nestlé USA has been in the midst of a seismic cultural transformation. The company set out to unlock the creativity of its employees and embrace risk taking—all at a rapid pace. The goal? To fuel innovation that resonates with ...
Nestlé said longtime Chief Executive Mark Schneider is leaving the company, as the world’s largest packaged-foods maker grapples with slowing sales growth and a slumping share price. The Swiss manufacturer of Kit Kat chocolate bars and Nescafe coffee ...
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