Nestlé's new cost-cutting measures follow a difficult year for the Swiss food giant.
Nestlé NSRGY is cutting 16,000 jobs globally as the Swiss food giant cuts costs as part of its efforts to revive its financial performance.
Nestlé, which makes Nescafé, KitKats, pet foods and many other well-known consumer brands, said Thursday that the job cuts will take place over the next two years. The company also said that it is raising targeted cost cuts to 3-billion Swiss francs by the end of next year, up from a planned 2.5-billion Swiss francs.
Nestlé Canada did not directly answer questions about what the cuts meant for Canadian operations.
“The announced workforce reduction applies to markets and functions globally over the next two years,” said Catherine O’Brien, senior vice-president at