Tag: Corporate Leadership
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Nestlé to axe 16,000 jobs to boost sales growth
Nestlé unveils ambitious cost-cutting plan Nestlé, the owner of KitKat and Nescafé, announced a sweeping restructuring that will see 16,000 jobs cut over the next two years. The company aims to streamline costs and accelerate sales growth as it faces a challenging macro backdrop, currency headwinds, and shifting consumer demand. The cuts represent about 6%…
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Suntory Holdings Faces Challenges in Overseas Strategy
Suntory Holdings’ Leadership Shake-Up Suntory Holdings, a major player in the beverage industry, is currently facing significant challenges in its overseas expansion strategy following the abrupt resignation of CEO Takashi Shinao. Just six months into his tenure, Shinao’s departure has raised concerns about the company’s direction and the integrity of its leadership. Impact of Shinao’s…