BusinessManufacturing

Nestle Announces Major Restructuring with 16,000 Job Cuts Amid Cost-Cutting Drive

The world’s largest packaged food company Nestle has revealed plans to cut 16,000 jobs worldwide over the next two years. The restructuring comes as new CEO Navratil pushes for significant cost reductions and cultural changes within the multinational corporation.

Major Workforce Reduction at Food Giant

Nestle, the world’s largest packaged food and drink company, plans to eliminate 16,000 positions globally within the next two years according to reports. The company statement indicated 12,000 white collar jobs would be cut alongside 4,000 other roles across the organization.