Nestlé to Cut 16,000 Jobs

In his first major announcement since taking over as CEO, Philipp Navratil has unveiled a plan to cut 16,000 jobs worldwide as part of a sweeping restructuring initiative at Nestlé.

The company said the reductions will be implemented over the next two years, including 12,000 white-collar positions across the group and 4,000 roles in manufacturing and supply chain operations. The announcement came during Nestlé’s nine-month results presentation on 16 October.

Commenting on the move, Navratil said: “The world is changing and Nestlé needs to change faster. This will include making hard but necessary decisions to reduce headcount over the next two years.”

The job cuts are part of a broader effort to strengthen real internal growth (RIG), a key company metric that removes the impact of pricing from organic growth figures. Nestlé said the headcount reductions will also generate additional cost savings, boosting annual savings to USD1.3bn by the end of 2027, up from a previous target of USD500m under its existing “fuel-for-growth” strategy.