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Nestle cuts 16,000 jobs as CEO ignites ‘turnaround fire’
Business Standard
|October 17, 2025
Nestle will cut 16,000 jobs, new Chief Executive Officer (CEO) Philipp Navratil said on Thursday, as the world’s largest packaged food company seeks to cut costs and win back investor confidence.
The jobs being cut represent 5.8 per cent of Nestle’s around 277,000 employees. Navratil said Nestle had raised its cost savings target to 3 billion Swiss francs ($3.77 billion) from 2.5 billion francs by the end of 2027.
US import tariffs are a headwind for Nestle, despite the bulk of the company’s US sales being manufactured locally, while food producers across the board are grappling with fragile consumer confidence and changing habits as people seek to eat more healthily.
Dit verhaal komt uit de October 17, 2025-editie van Business Standard.
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