Tag: Nestlé

BusinessManufacturing

Nestlé Announces Major Restructuring with 4,000 Job Cuts Amid Strategic Overhaul

Nestlé is cutting 4,000 positions in its supply chain and manufacturing operations while raising its cost-savings goal to $3.8 billion. The move comes as new CEO Philipp Navratil emphasizes agility and performance culture to address inefficiencies and market challenges.

Nestlé Implements Sweeping Workforce Reductions

Nestlé, the global food and beverage conglomerate behind brands including Nespresso and Hot Pockets, will eliminate approximately 4,000 jobs primarily within its supply chain and manufacturing divisions, according to reports. The company simultaneously increased its cost-saving target to 3 billion Swiss francs ($3.8 billion) by 2027, up from its previous goal of $3.14 billion. Analysts suggest these measures reflect newly appointed CEO Philipp Navratil’s commitment to accelerating the transformation initiated by his predecessor.

by Megan Carter
BusinessEconomy and Trading

Nestlé Announces 16,000 Job Cuts in Major Restructuring Under New CEO

Nestlé will eliminate 16,000 positions over the next two years as new CEO Philipp Navratil implements aggressive cost-cutting measures. The job reductions come amid leadership turmoil following the dismissal of former chief executive Laurent Freixe.

Major Workforce Reduction at Nestlé

Nestlé, the global consumer goods giant, will cut approximately 16,000 jobs over the next two years according to reports from the company’s first trading update under new leadership. The reduction represents nearly 6% of the company’s total workforce and marks one of the most significant restructuring efforts in recent years for the consumer goods industry.

by Tyler Brooks P.E