The Swiss company has been impacted by US tariffs and supply chain disruption
Nestle is beyond popular consumer products including KitKat and Nespresso. Photo: PA
Nestle is cutting 16,000 jobs globally as it reduces costs in efforts to revive its financial performance.
The Swiss food giant, which makes Nescafe, KitKat, pet foods and many other well-known consumer brands, said yesterday that the job cuts will take place over the next two years. The company also said that it is raising targeted cost cuts to 3bn Swiss francs (€3.23 bn) by the end of next year, up from a planned 2.5bn Swiss francs.
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