Nestle to cut 16,000 jobs worldwide, job cuts represent about 6% of its staff

CEO Philipp Navratil aims for increased savings of 3 billion Swiss francs by 2027 after disappointing sales figures, while shares surged over 8% in response.

Nestle to cut 16,000 jobs worldwide, job cuts represent about 6% of its staff
CEO Philipp Navratil aims for increased savings of 3 billion Swiss francs by 2027 after disappointing sales figures, while shares surged over 8% in response.