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    Nestlé to axe 16,000 jobs as new chief targets sales growth
    Switzerland

    Nestlé to axe 16,000 jobs as new chief targets sales growth

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    12 Comments

    1. le_wein on

      “The world is changing and Nestlé needs to change faster,” said Philipp Navratil, the new chief executive. “This will include making hard but necessary decisions to reduce headcount over the next two years. We will do this with respect and transparency.”

      I wonder how many jobs will be cut from
      Switzerland.
      This move is bullshit, the ceo and board of directors will get huge bonuses, they certainly need a new vacation house and a new 2026 yacht model

    3. Greekgeek2000 on

      Every company is cutting jobs, I wonder in a few years who will be buying all these products these companies are making?

    4. anonutter on

      Sorry where are all the people who were calling for the Novartis CEOs head because he’s Indian? Please abuse your perfect Austro – Swiss CEO whose going to take away jobs from Switzerland. Maybe he should also go back to where he came from. 

    5. swagpresident1337 on

      6% worldwide and Switzerland not more affected than elswhere. That means about 500 jobs in CH, not nice, but not the end of the world.

      E: Sorry for not dooming and crying for the end of the economy over 500 jobs apparently.

    7. Pretend_Location_548 on

      16000 people who won’t be able to buy nestlé products anymore. I wonder how their sales equation work…

    8. DesertGeist- on

      That’s a lot of jobs. How is it possible they can just shave off so much labour and continue operation as normal?

    9. Dj3nk4 on

      Those on top of every big company know nothing else but to fire people, lower the quality of their products and services and to increase prices. Those are all sub IQ 60 moves and always lead to a company (and society) suffering.

      The reson for it us that 99% of all CEOs are NOT inventors, engineers or scientists nor they have any socially useful skill.

      They are all just common accountants. Empathless number crunchers that suffer from Dunning-Kruger effect.

      Never in history of mankind was a company saved by reducing workforce and quality of their product. Nor will it ever happen in the future.

      Short Nestle as long as this one is on top.

    10. BlockOfASeagull on

      Roughly 6%. I expect Nestle to have a similar attrition rate as other large international companies of this size, ranking between 8 to 15%.

    11. strajk on

      1. New CEO appointed
      2. He starts cutting costs, short term this is the easiest way to show shareholders an increase in profits
      3. Numbers start rolling in, shareholders pleased, share value increases
      4. 2-5 years later CEO takes up role in another company, leaves with good numbers and another green checkmark on his CV
      5. Company starts suffering from actions under Step 2, numbers go to shit, share value dumps

      Rinse and repeat

    12. heubergen1 on

      Srf reported that Nestle is currently increasing their debts so cutting jobs sounds like a logical measure.