403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Nestlé To Cut 16,000 Jobs Worldwide In Major Restructuring Move
(MENAFN- Gulf Times) Nestlé announced plans to cut 16,000 jobs worldwide over the next two years as the maker of KitKat and Nescafé moves to reduce costs and boost sales.
The Swiss-based multinational said the reductions will affect 12,000 white-collar employees and 4,000 staff in manufacturing and supply chain roles - representing about 6% of its global workforce.
“The world is changing, and Nestlé needs to change faster,” said Philipp Navratil, the new chief executive.“This includes making difficult but necessary decisions to reduce headcount over the next two years. We will carry out this process with respect and transparency.”
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.
Most popular stories
Market Research
- Thinkmarkets Adds Synthetic Indices To Its Product Offering
- Ethereum Startup Agoralend Opens Fresh Fundraise After Oversubscribed $300,000 Round.
- KOR Closes Series B Funding To Accelerate Global Growth
- Wise Wolves Corporation Launches Unified Brand To Power The Next Era Of Cross-Border Finance
- Lombard And Story Partner To Revolutionize Creator Economy Via Bitcoin-Backed Infrastructure
- FBS AI Assistant Helps Traders Skip Market Noise And Focus On Strategy
More Story
Comments
No comment