Nestle Intends to Cut 16,000 Jobs in Cost-Reduction Move

2025-10-16 09:34:01

(MENAFN) Swiss food giant Nestle revealed on Thursday its intention to reduce its workforce by 16,000 positions over the upcoming two years as part of a strategy to lower expenses.

In a company statement, Nestle explained that to boost operational productivity, it will cut 12,000 white-collar roles alongside an additional 4,000 jobs within the specified timeframe.

This workforce reduction is projected to generate annual savings of 1 billion Swiss francs ($1.25 billion) for the firm through the end of 2027.

Earlier, Nestle had initiated a cost-saving program totaling $3.17 billion under the leadership of its former CEO, Laurent Freixe. Now, this target has been accelerated and increased to $3.76 billion by 2027.

MENAFN16102025000045017167ID1110206328

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.