No Result
View All Result
  • Login
Thursday, August 6, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

Nestlé job cull begins in Europe under plan to eliminate 16,000 positions

by theadvisertimes.com
3 months ago
in Business
Reading Time: 3 mins read
A A
0
Nestlé job cull begins in Europe under plan to eliminate 16,000 positions
Share on FacebookShare on TwitterShare on LInkedIn


Nestlé has started to roll out job cuts in Europe as part of the 16,000-cull announced by CEO Philipp Navratil in October.

The Switzerland-headquartered group, the world’s largest food and drinks maker, has confirmed the planned job cuts in the UK and France with Just Food but has not yet clarified the numbers put forward by various media reports in Germany, Spain and Italy.

Taken together, the total impact is more than 1,400 so far across the five countries.

Navratil revealed in October he planned to slash Nestlé’s workforce after only taking the top job a month earlier. A veteran at the KitKat and Nescafé brand owner, he replaced another long-time Nestlé stalwart Laurent Freixe, who left the business after breaching code-of-conduct rules.

The job losses would be implemented over the next two years, including 12,000 white-collar workers across the group, and 4,000 in manufacturing,” Navratil said at the time as part of a plan to increase annual savings to SFr1bn ($1.2bn) by the end of 2027.

In France, 180 positions will be chopped in R&D and “support functions”, Nestlé confirmed in what it described as a “tense agri-food market marked by pressure on purchasing power, rising production costs and increased competition”.

Its R&D facilities in Tours and Lisieux will be affected, Nestlé said in a statement, adding the cuts “aim to simplify and digitise the organisation, strengthen agility and efficiency, and adapt structures to the evolution of the business portfolio, in order to gain competitiveness and support investments”.

Nestlé is now “entering an information and consultation phase with employee representatives” in France as it seeks to “gradually” start the job cuts in 2027.

The company added the downsizing impact could be reduced to around 75 to 100 jobs based on current vacancies, newly created positions, transfers within the business and voluntary retirements.

For the UK, Nestlé did not confirm the number of planned cuts or locations but the GMB union put the figure at “more than” 450.

The union said in a statement the “majority” of the UK jobs would go among “staff and managers” at Nestlé facilities in York and Gatwick, adding that GMB will work “closely with members and the company to ease the pain of these cuts as much as possible”.

Meanwhile, a Nestlé spokesperson for the UK said: “We said in 2025 that we will reduce our global workforce by 16,000 roles and that process is ongoing.

“As always, we will manage any changes in the right way and in consultation with our people. Any proposed changes will always be shared with those affected first and we have no further update to give at this time.”

In Germany and Spain, media reports suggested the cuts in those countries amount to around 300 each, with a further 185 in Italy.

A separate spokesperson at Nestlé’s HQ said: “The plans announced by several countries in Europe are part of the business transformation and workforce reduction communicated in October 2025. There are no further updates to share at this stage as consultation processes are still ongoing in many countries.”

“Nestlé job cull begins in Europe under plan to eliminate 16,000 positions” was originally created and published by Just Food, a GlobalData owned brand.

 

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.



Source link

Tags: beginsculleliminateEuropejobNestleplanPositions
ShareTweetShare
Previous Post

Spirit Airlines nearing rescue deal? How to protect yourself if your airline goes under.

Next Post

Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh

Related Posts

Factbox-Tech companies tap debt, equity to fund AI and cloud expansion

Factbox-Tech companies tap debt, equity to fund AI and cloud expansion

by theadvisertimes.com
August 6, 2026
0

Aug 6 (Reuters) - The world's largest technology companies are tapping debt markets and raising equity to bolster AI infrastructure,...

Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

by theadvisertimes.com
August 6, 2026
0

Britannia Industries Ltd on Thursday reported 14.08 per cent rise in consolidated net profit at Rs 593.38 crore for the...

OraSure expects Q3 revenue of .5M-.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)

OraSure expects Q3 revenue of $29.5M-$32.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)

by theadvisertimes.com
August 6, 2026
0

Earnings Call Insights: OraSure Technologies (OSUR) Q2 2026 Management view “Q2 was another important quarter in OraSure's transformation. We exceeded...

Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

by theadvisertimes.com
August 6, 2026
0

Ooredoo Group is positioning itself to capture a multi-billion-dollar AI infrastructure opportunity by developing Indonesia’s first dedicated AI compute and...

The Key Battles for Senate Control Are Set

The Key Battles for Senate Control Are Set

by theadvisertimes.com
August 6, 2026
0

With yesterday’s victory in Michigan for Abdul El-Sayed, one of the last pieces has fallen into place in key midterm...

Tax Authority warns higher income Israelis are leaving

Tax Authority warns higher income Israelis are leaving

by theadvisertimes.com
August 6, 2026
0

Not only has the number of Israelis emigrating from Israel increased in recent years, but their economic profile has...

Next Post
Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh

Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh

Lessons From IT Security: How Revenue Enablement Builds Executive Relevance

Lessons From IT Security: How Revenue Enablement Builds Executive Relevance

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

July 20, 2026
The Hidden Cost of Chaos: Challenges with Spreadsheet-Based Channel Management in 2026

The Hidden Cost of Chaos: Challenges with Spreadsheet-Based Channel Management in 2026

May 6, 2026
Factbox-Tech companies tap debt, equity to fund AI and cloud expansion

Factbox-Tech companies tap debt, equity to fund AI and cloud expansion

0
One in four Canadians own crypto, says OSC survey

One in four Canadians own crypto, says OSC survey

0
Vacation Rentals Are Officially on Sale: Where They’re Worth Buying

Vacation Rentals Are Officially on Sale: Where They’re Worth Buying

0
Trump’s Commerce Department as Venture Capitalist: Political Investment at its Worst

Trump’s Commerce Department as Venture Capitalist: Political Investment at its Worst

0
Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

0
Your Processes Are The Weakest Part Of Your AEO Strategy

Your Processes Are The Weakest Part Of Your AEO Strategy

0
Factbox-Tech companies tap debt, equity to fund AI and cloud expansion

Factbox-Tech companies tap debt, equity to fund AI and cloud expansion

August 6, 2026
Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise

August 6, 2026
OraSure expects Q3 revenue of .5M-.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)

OraSure expects Q3 revenue of $29.5M-$32.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)

August 6, 2026
GH Research Releases Q2 2026 Financial Results

GH Research Releases Q2 2026 Financial Results

August 6, 2026
Your Processes Are The Weakest Part Of Your AEO Strategy

Your Processes Are The Weakest Part Of Your AEO Strategy

August 6, 2026
Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

Ooredoo teams up with Nvidia and Nokia to launch 1 GW AI platform in Indonesia

August 6, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Factbox-Tech companies tap debt, equity to fund AI and cloud expansion
  • Britannia Q1 Results: Profit rises 14% to Rs 593 crore on volumes, price rise
  • OraSure expects Q3 revenue of $29.5M-$32.5M while delaying InteliQuick CT/NG FDA clearance beyond 2026 (NASDAQ:OSUR)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.