Nestle stock soars 7% as new CEO unveils plan to cut 16,000 jobs, boost efficiency
[Hallmark - Nigeria] - 16/10/2025
Nestle shares jumped more than 7% on Thursday after the world’s largest food company announced a sweeping plan to eliminate 16,000 jobs globally as part of an ambitious restructuring drive led by new Chief Executive Officer Philipp Navratil. The Vevey, Switzerland-based company said the move, (…)
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