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Nestle To Cut Nearly 6% Roles To Save Costs: Retail Mood Bearish

Nestle SA, one of the world's largest consumer packaged food companies, said it plans to cut 16,000 roles, or about 5.8% of ...

Explainer: What's in Nestle's sprawling food empire as new CEO wields axe?

Nestle's new CEO Philipp Navratil has started with a bang, announcing 16,000 job cuts and a portfolio review that could see ...

Nestlé: Solid Print Behind Layoff Headlines; Guidance Intact, Buy Maintained

Read here for an update on Nestlé’s Q3 growth, margin targets, cost-saving plans, and debt reduction. Learn why analysts ...
MEAT+POULTRY

Nestle to lay off 16K employees in next two years

While announcing the company’s third-quarter results, Navratil also announced plans to lay off approximately 16,000 employees over the next two years, 12,000 “white collar” roles and 4,000 from ...

Nestle Is the Latest Big Employer to Plan Thousands of White-Collar Layoffs

Global food giant Nestle on Thursday said that, as part of a cost-savings push, it would cut about 12,000 white-collar ...