Reported 14 days ago
Nestlé announced it will cut 16,000 jobs globally over the next two years as part of a cost-cutting campaign aimed at reviving financial performance. The Swiss food giant plans to increase its targeted cost savings to 3 billion Swiss francs by the end of next year. These measures come in response to rising commodity costs and recent leadership changes, including the dismissal of CEO Laurent Freixe.
Source: YAHOO