SWX:NESNFood
Nestlé Reshapes Portfolio And Workforce In High Growth Brand Push
Nestlé (SWX:NESN) is rolling out a broad turnaround plan under CEO Philipp Navratil, centered on workforce restructuring and a sharper focus on core and high growth brands.
The plan includes a global restructuring program affecting 16,000 jobs, alongside portfolio changes such as the divestment of its Chilean water joint venture.
The company is also pursuing new acquisitions while negotiating measures in key regions to limit the impact of job reductions.
Nestlé, one of the largest global...