Nestlé to Cut 16,000 Jobs in Cost-Cutting Drive
TL;DR Summary
Nestle plans to cut 16,000 jobs over the next two years to focus on high-potential products and improve cost efficiency, as part of a strategic shift under new CEO Philipp Navratil aimed at boosting performance and investor confidence.
- Nestle to axe 16,000 jobs as new boss pushes to cut costs BBC
- Nestle to cut 16,000 jobs as new CEO ignites 'turnaround fire' Reuters
- Nestle jumps 8% after consumer goods giant announces plans to slash 16,000 jobs CNBC
- Nestlé to axe 16,000 jobs as new chief targets sales growth The Guardian
- Nestle says it's slashing 16,000 jobs over next 2 years CBS News
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