Nestle To Cut 16,000 Jobs Worldwide

Source: International Business Times

The headquarters of Swiss food giant Nestle, which is pushing to save billions of dollars in the next two years AFP Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, announced Thursday plans to cut 16,000 jobs worldwide over the next two years, sending its share price soaring. "The world is changing, and Nestle needs to change faster," chief executive Philipp Navratil, who took the reins of the multinational in early September, said in a statement. That included making "hard but necessary decisions to reduce headcount", he said.