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Nestlé to Cut 16,000 Jobs and Raise 2027 Savings Target to CHF 3 Billion

New CEO Philipp Navratil frames the plan as an automation‑led efficiency drive to revive performance.

Overview

  • The company will eliminate about 16,000 roles over two years, including roughly 12,000 administrative positions and 4,000 in manufacturing and supply chain.
  • Nestlé lifted its cost‑saving goal to CHF 3 billion by the end of 2027, with the white‑collar reductions expected to deliver about CHF 1 billion in annual savings.
  • Shares rose roughly 7% to 8% after the announcement, signaling investor approval of the restructuring roadmap.
  • Management cited softer consumer demand, cost inflation and expanded use of automation and shared services as key drivers of the overhaul.
  • Reported sales fell 1.9% in the first nine months of 2025 to CHF 65.9 billion while organic growth improved, including a 4.3% gain in the third quarter.