Nestle plans to slash sixteen thousand jobs to cut coasts

2025-10-16 09:22:36

(MENAFN) Swiss food giant Nestlé revealed on Thursday its intention to reduce its workforce by 16,000 positions over the next two years in a bid to lower costs.

The company stated that 12,000 of these cuts will affect white-collar employees, with an additional 4,000 roles also being eliminated during the period.

This workforce reduction is projected to save the company around 1 billion Swiss francs ($1.25 billion) annually through the end of 2027.

Nestlé had previously initiated a cost-reduction plan amounting to $3.17 billion under its former CEO, Laurent Freixe. Reports indicate that this target has now been accelerated to $3.76 billion by the end of 2027.

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