Nestlé to cut 16,000 jobs worldwide

Nestlé has announced a major restructuring aimed at improving efficiency and restoring sales growth. The decision comes amid declining revenue and the new leadership’s ambition to adapt the company to changing market conditions.

The Swiss food giant said that as part of its transformation plan, it will carry out significant staff reductions over the next two years. The restructuring program includes the elimination of 12,000 office positions and another 4,000 roles in manufacturing and logistics.

New Chief Executive Officer Philipp Navratil, who took charge of the company in September, unveiled the measures alongside the nine-month financial report, which showed a 1.9% drop in revenue to 65.9 billion Swiss francs (around €71 billion).

“We are fostering a performance-driven culture where losing market share is unacceptable and success is rewarded. The world is changing – and Nestlé needs to change faster,” Navratil said.

The job cuts are expected to generate annual savings of 1 billion francs by 2027. Despite the revenue decline, Nestlé reported a rise in sales volumes in the third quarter, supported by higher prices for coffee and confectionery products.