Tag: cost-cutting
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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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Concerns Over Deutsche Bahn’s Cost-Cutting Plans
Introduction: Rising Concerns for Deutsche Bahn Passengers Recent cost-cutting plans announced by Deutsche Bahn (DB) have escalated concerns among politicians and consumer advocates. These plans could potentially lead to fare increases and a reduction in services offered on long-distance routes. Stakeholders are voicing their apprehensions, stressing the need for reliable rail transport in Germany. The…