Nestle, one of the world's largest food companies, announced it will cut 16 thousand jobs. This was reported by Zamin.uz.
This corresponds to approximately six percent of the company's total workforce. Nestle CEO Filip Navratil stated that this decision was made to reduce costs and further simplify the company's operations.
The layoffs will mainly affect office staff and production departments. This process is planned to continue until the end of 2027.
Through this, the company aims to significantly reduce its expenses. In recent months, there have been changes in Nestle's management.
Former leader Loren Freks and Chairman Paul Bulke have left their positions. The new CEO, Filip Navratil, has called for rapid changes within the company.
Additionally, Nestle's sales in the last quarter increased by 4.3 percent. The main growth was driven by coffee and confectionery products.
These results represent an important step for the company to adapt to market conditions and enhance its competitiveness. Nestle will continue strategic changes to make its operations more efficient.
