Overview

• Nestlé will eliminate 16,000 roles over two years, including 12,000 white‑collar positions and 4,000 in manufacturing and supply chain, equal to roughly 6% of its workforce.
• The company raised its cost‑savings goal to CHF 3 billion by end‑2027, with the white‑collar reductions expected to deliver about CHF 1 billion in annual savings.
• Third‑quarter results topped forecasts, with Real Internal Growth returning to positive territory and organic growth ahead of expectations.
• Shares rose about 6% after the announcement as investors reacted to the accelerated turnaround plan.
• Philipp Navratil, appointed in September after a leadership shake‑up, emphasized a performance culture and a focus on higher‑return activities to restore growth.