US EditionCan Nestlé bounce back? New CEO charts bold path to revive growth
2 Articles
2 Articles
Can Nestlé bounce back? New CEO charts bold path to revive growth
Just weeks into his role, Nestlé CEO Philipp Navratil has announced a major cost-cutting plan, slashing 16,000 jobs to revive growth and restore investor confidence. Amid falling sales and share prices, Navratil is betting on innovation and tighter execution to steer the food giant back on course. Can he deliver?
Nestlé, the Swiss-born food company, is preparing to fire more than 16,000 employees. The bill will be produced worldwide throughout the workforce, affecting even some employees in Spain, where the entity has an important presence. Although it is still unknown who will be affected, it will be especially detrimental to the posts called “white collar”. Read more: Nestlé and CCU reinforce their alliance with the launch of a new cold coffee canned r…
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