Tag: Nestlé

Business

Nestlé Workforce Reductions Signal Deeper Strategic Overhaul Under New Leadership

Nestlé’s new CEO Philipp Navratil has initiated significant workforce reductions affecting nearly 6% of employees. The move comes alongside improved sales performance and signals broader strategic changes ahead for the global food giant. Analysts suggest these cuts represent just the beginning of a more comprehensive transformation.

Major Workforce Restructuring Announced

Nestlé’s newly appointed CEO Philipp Navratil has reportedly initiated substantial workforce reductions, cutting approximately 12,000 positions according to recent reports. This represents nearly 6% of the company’s global workforce of 277,000 employees. The announcement came during Navratil’s first results presentation since taking leadership of the KitKat manufacturer last month, with sources indicating the move aims to address shareholder concerns about performance and valuation.

by Alvarez Jordan
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.

by Desai Priyanka