Nestlé CEO cuts 16000 jobs Amid Global Sales Slump
New CEO Philipp Navratil Announces Sweeping Layoffs Over Two Years, Citing Need to Accelerate Change After Sales Decline to €71 Billion. Nestlé, the colossal Swiss food manufacturer, has announced massive global restructuring that includes eliminating 16,000 jobs worldwide over the next two years. The drastic measure was revealed by the new chief executive, Philipp Navratil, in a statement addressing the multinational corporation’s performance. This move…