ZURICH: Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, will eliminate 16,000 jobs worldwide over the next two years, its new chief executive said on Thursday (Oct 16)."The world is changing, and Nestle needs to change faster," Philipp Navratil, who took the reins of the

New Delhi: Nestle, the Swiss food and beverage giant known for brands like Nespresso, Kit Kat, Perrier, and Purina, announced on Thursday that it will cut 16,000 jobs worldwide over the next two...

Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, will eliminate 16,000 jobs worldwide over the next two years, its new chief executive said on Thursday. "The world is changing, and Nestle needs to change faster," Philipp Navratil, who took the reins of the multinational in…

Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, will eliminate 16,000 jobs worldwide over the next two years, its new chief executive said on Thursday.

Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, will eliminate 16,000 jobs worldwide over the next two years, its new chief executive said on Thursday.

Nestle will cut 16,000 jobs, its new CEO Philipp Navratil said today, as the world's largest packaged food company seeks to cut costs and win back investor confidence.

Nestlé is cutting 16,000 jobs worldwide, new CEO Philip Navratil announced on Thursday. The company wants to increase its sales growth, and Navratil is accelerating its reorganization only weeks after taking office. It is not yet clear in which regions the job cuts will happen. A spokesperson for Nestlé Nederland was unavailable to comment to ANP on Thursday morning.