Nestlé to cut 16,000 jobs, lift savings target to CHF 3 bln as sales growth slows
NegativeFinancial Markets

Nestlé has announced plans to cut 16,000 jobs and increase its savings target to CHF 3 billion as it faces slowing sales growth. This significant reduction in workforce highlights the challenges the company is encountering in maintaining profitability amid changing market conditions. The decision is likely to impact many employees and could signal broader trends in the industry, making it a crucial development for stakeholders and consumers alike.
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