"The world is changing, and Nestle needs to change faster. This will include making hard but necessary decisions to reduce headcount over the next two years. We will do this with respect and transparency. The actions we are taking will secure Nestle's future as a leader in our industry. Collectively, they will enable us to improve our overall performance and deliver shareholder value."
"Nestle has revealed plans to cut 16,000 jobs globally over the next two years as the company has said they need to "change faster" to reduce costs and will go automated. Nestle will secure their future "as a leader in our industry" and the jobs to be axed will include 12,000 "white-collar professionals." The company is expecting to save around one billion Swiss francs or £940 million a year by 2027, Nestle will also cut a further 4,000 jobs across manufacturing and the supply chain."
Nestle plans to cut 16,000 jobs globally over the next two years to reduce costs and accelerate automation. Planned cuts include about 12,000 white-collar professionals and a further 4,000 roles across manufacturing and the supply chain. The company employs around 277,000 workers worldwide and has not detailed how many roles will be eliminated in the UK. Expected savings amount to around one billion Swiss francs (about £940 million) per year by 2027. Nestle frames the actions as necessary to change faster, secure its future as an industry leader, improve overall performance and deliver shareholder value.
Read at London Business News | Londonlovesbusiness.com
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