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Nestle Plans to Cut Workforce by 16,000 in Cost-Savings Push
- On Thursday, Nestle announced it will cut 16,000 jobs worldwide over the next two years as it unveiled nine-month results.
- Mounting pressure from slow sales and the 2024 bottled water scandal in France prompted Navratil to raise the group's savings target to three billion Swiss francs by 2027.
- The layoffs include around 12,000 white-collar professionals plus 4,000 manufacturing and supply-chain staff, expected to save around one billion Swiss francs annually by 2027.
- Navratil said `The world is changing and Nestl� needs to change faster. This will include making hard but necessary decisions to reduce headcount over the next two years`, and shares jumped more than eight percent in morning trading, lifting the Zurich stock market.
- Organic sales growth amounted to 3.3 percent in the first nine months of 2025, and a 1.5 per cent rise in real internal growth may give Philipp Navratil room to act.
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Total News Sources277
Leaning Left42Leaning Right30Center72Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 29%
C 50%
R 21%
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