paul bulcke

Nestle to axe 16,000 jobs as new CEO targets sales growth

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Nestle to axe 16,000 jobs as new CEO targets sales growth

Nestle will axe 16,000 jobs as it tries to raise sales volumes, new CEO Philipp Navratil said on Thursday, as the world’s largest packaged food company reported better-than-expected sales growth thanks to pricing-led upticks in coffee and confectionery. Navratil, the former head of Nespresso, replaced Laurent Freixe, who was fired in September as chief executive … Read more

Nightmare at Nestlé: The world’s biggest food company faces a reckoning

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Nightmare at Nestlé: The world’s biggest food company faces a reckoning

At a global meeting for Nestlé SA staff on Wednesday, new Chief Executive Officer Philipp Navratil kept it brief. He acknowledged challenges facing the world’s largest food company, praised its global presence and brands, and promised to return soon with a plan on how to revive a sluggish performance. The broadcast for the virtual event, … Read more