Nestlé announced plans to eliminate 16,000 jobs, about 6% of its global workforce, over the next two years to cut costs and enhance operational efficiency under new CEO Philipp Navratil. The job reductions will affect both corporate roles and manufacturing staff, and the company aims to save 3 billion Swiss francs by 2027. Navratil emphasized the need for a faster, more agile organization, prioritizing automation and performance-based assessments of employees. While Nestlé recently improved its growth rate, it faces challenges from inflation and changing consumer preferences.

Source: https://www.supplychaindive.com/news/nestle-cutting-16000-jobs-to-quicken-turnaround-as-cpg-giant/802996/