‘Hard But Necessary’: Nestle Announces 16,000 Job Cuts Worldwide
Switzerland: Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, announced Thursday plans to cut 16,000 jobs worldwide over the next two years, sending its share price soaring. “The world is changing, and Nestle needs to change faster,” chief executive Philipp Navratil, who took the reins of the multinational in early…