Nestlé to Cut 16,000 Jobs Amid Cost-Cutting and Automation Efforts
TL;DR Summary
Nestlé plans to cut 16,000 jobs over the next two years as part of a broader effort to save $3.7 billion by 2027, under new CEO Philipp Navratil, mainly affecting white-collar positions, to adapt to changing global conditions.
- Nestlé to Slash 16,000 Jobs in Cost-Cutting Push The New York Times
- Nestlé Plan to Slash 16,000 Jobs Sparks Share Jump The Wall Street Journal
- Nestle jumps 8% after consumer goods giant announces plans to slash 16,000 jobs CNBC
- Nestle to cut 16,000 jobs as new CEO ignites 'turnaround fire' Reuters
- Nestlé, world's largest food company, to cut 16,000 jobs worldwide due partly to automation ABC7 Los Angeles
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