Tag: Nestlé
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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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Nestlé to axe 16,000 jobs as new chief targets growth
Nestlé announces substantial job cuts to speed up growth Nestlé, the world’s largest food and beverage company, said it will cut about 16,000 jobs over the next two years as part of a broader push to reduce costs and accelerate sales growth. The plan includes roughly 12,000 positions in white-collar professional roles and about 4,000…
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Nestlé to Cut 16,000 Jobs as New CEO Targets Sales Growth
Nestlé Announces Major Workforce Reduction as Growth Strategy Shifts into High Gear Nestlé, the Swiss owner of KitKat, Nescafé, and Purina, revealed plans to shed about 16,000 jobs over the next two years as part of a broader effort to cut costs and accelerate growth. The announcement marks a bold acceleration of restructuring under the…
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Nestlé CEO Laurent Freixe Fired Over Improper Relationship
In a significant corporate shake-up, Nestlé, the Swiss food giant, has officially announced the firing of its CEO Laurent Freixe. The decision comes on the heels of an internal investigation that uncovered a romantic relationship between Freixe and a direct subordinate, which stands in direct violation of the company’s established code of conduct. This unexpected…
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Nestlé CEO Laurent Freixe Fired Over Inappropriate Relationship
In a surprising turn of events, Nestlé, the Swiss food giant, announced today the firing of its CEO, Laurent Freixe. This decision comes after an internal investigation revealed that Freixe was involved in an undisclosed romantic relationship with a direct report, violating the company’s code of business conduct. This incident has raised significant concerns regarding…
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Response to CEO Dismissal at Nestlé Over Romantic Relations
In a surprising turn of events, the Swiss food giant Nestlé announced today the dismissal of its CEO, Laurent Freixe, following an internal investigation that uncovered a romantic relationship with a direct subordinate. This incident has raised significant concerns regarding corporate ethics and adherence to the company’s code of conduct. Laurent Freixe, who had been…