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Nestlé’s new chief executive has announced plans to axe 16,000 jobs, increase automation, and instil a performance-driven culture, as he attempts to accelerate growth at the consumer goods firm.
Nearly 6% of Nestlé’s total headcount is set to be cut over the next 24 months, including 12,000 white-collar roles and 4,000 positions across manufacturing and supply chain.
Philipp Navratil, who replaced former CEO Laurent Freixe in September amid a workplace relationship scandal, said the decision was “hard but necessary.”
New Nestlé boss demands ‘performance mindset’ culture
The planned downsizing comes as the company ramps up cost-saving measures and an emphasis on efficiency previously set out by Freixe.
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