Nestlé to Cut 16,000 Jobs Amid Turnaround Strategy
TL;DR Summary
Nestle announced plans to cut 16,000 jobs to improve efficiency and accelerate growth under new CEO Philipp Navratil, leading to a 7.2% rise in its shares. The company posted better-than-expected Q3 organic growth of 4.3%, driven by strategic focus on successful brands and turnaround efforts, despite challenges in Greater China and past leadership upheavals.
- Nestle gains 6% after consumer goods giant announces plans to slash 16,000 jobs CNBC
- Nestlé to Slash 16,000 Jobs as New CEO Speeds Up Turnaround Bloomberg.com
- Nestle to cut 16,000 jobs as new CEO ignites 'turnaround fire' Reuters
- Nestlé to axe 16,000 jobs as new chief targets sales growth The Guardian
- Nestlé to Slash 16,000 Jobs The Wall Street Journal
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