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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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226 Articles
226 Articles
Nestlé will eliminate 16,000 jobs worldwide as part of the Swiss food giant’s campaign to reduce costs and revitalize its financial performance. Nestlé, who manufactures Nescafé drinks or pet food Purina, among other products, announced Thursday that the reduction of jobs will take place over the next two years. The company also said it will increase its target of cutting expenses to 3 billion Swiss francs (3,760 million dollars) by the end of n…
Coverage Details
Total News Sources226
Leaning Left34Leaning Right29Center56Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 29%
C 47%
R 24%
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