Nestlé Plan to Slash 16,000 Jobs Sparks Share Jump
PositiveFinancial Markets

Nestlé's announcement to cut 16,000 jobs, primarily in white-collar positions, has led to a 7% increase in its shares. This move, driven by the new CEO's focus on cost savings, reflects the company's strategy to streamline operations and enhance profitability. Investors are responding positively, indicating confidence in the company's future direction.
— Curated by the World Pulse Now AI Editorial System