Nestlé to axe 16,000 jobs as new chief targets sales growth
NegativeWorld Affairs

Nestlé has announced a significant reduction in its workforce, planning to cut 16,000 jobs, which represents nearly 6% of its global employees. This move, driven by the new chief executive's focus on boosting sales growth, will predominantly affect white-collar positions. The decision is crucial as it reflects the company's strategy to streamline operations and adapt to changing market conditions, but it also raises concerns about the impact on employees and the broader economy.
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