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

By Frank Prenesti

Date: Thursday 16 Oct 2025

(Sharecast News) - Nestle is axing 16,000 jobs in the next two years as the consumer food giant's new chief executive laid out plans to boost growth.
The company, which owns brands such as Perrier and Nespresso, reported a 1.9% fall in nine-month sales to 65.9bn Swiss francs.

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