Nestle, the world’s largest packaged food and beverage company, announced plans to eliminate 16,000 jobs over the next two years. This decision comes as new CEO Philipp Navratil seeks to concentrate on products that yield the highest potential returns. Mr. Navratil emphasized the need for the company to “change faster” in order to adapt to evolving market conditions and maintain its competitive edge against rivals.
Navratil took over the role of CEO after the dismissal of Laurent Freixe in September. The recent job cuts were disclosed on the same day Nestle reported improved sales for the first nine months of 2025, highlighting increased sales across major categories such as coffee and sweets.
The job reductions will affect approximately 12,000 white-collar positions along with an additional 4,000 roles throughout the company. This restructuring is part of a broader initiative aimed at achieving cost savings of around 1 billion Swiss Francs (£940 million) annually.
Nestle, which owns well-known brands like Nescafe, KitKat, and Maggi, is implementing these changes amid a competitive landscape. Mr. Navratil has expressed the importance of cultivating a company culture focused on performance and adaptation to market changes. The impact of these job cuts and the company’s restructuring on employees and operations remains to be seen.
Source: https://www.bbc.com/news/articles/cx2nl5l0d5eo?at_medium=RSS&at_campaign=rss