Nestle currently employs about 2.7 lakh people across the world. Representational image

Nestle’s new CEO, Philipp Navratil, announced plans to cut around 16,000 jobs, about 6% of its global workforce over the next two years. The announcement came during the company’s Q2 results, where the world’s largest packaged food maker reported stronger-than-expected sales growth, supported by higher prices for its coffee and confectionery products, Reuters reported.

Nestle To Cut 16000 Jobs

As part of its ongoing efficiency and growth initiatives, Nestlé said it will trim its global headcount by 16,000, including 12,000 white-collar roles and 4,000 positions in manufacturing and supply chain. The company currently employs approximately 2.7 lakh people worldwide.

“The world is changing and Nestlé

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