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Nestle to slash 16,000 jobs as new CEO speeds up turnaround
October 17, 2025
|The Straits Times
Nestle plans to cut 16,000 jobs as new chief executive Philipp Navratil seeks to accelerate a turnaround at the Swiss food giant.
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The reductions, which would amount to about 6 per cent of the workforce, will be made over the next two years, the maker of Nespresso coffee capsules and KitKat chocolate bars said on Oct 16.
"The world is changing, and Nestle needs to change faster," Mr Navratil said in a statement.
"This will include making hard but necessary decisions to reduce headcount over the next two years."
The company also raised its target for cost savings to three billion Swiss francs (S$4.9 billion) by the end of 2027, from a previous goal of 2.5 billion francs.
هذه القصة من طبعة October 17, 2025 من The Straits Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Straits Times
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