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

Almost 6% of global workforce will be cut over next two years, including 12,000 white-collar professionalsBusiness live – latest updatesEurope live – latest updatesNestlé has said it will cut 16,000 jobs over the next two years as the owner of KitKat and Nescafé attempts to reduce costs and boost sales.The Swiss-headquartered multinational said the cuts would include 12,000 white-collar professionals and 4,000 in its manufacturing and supply chain, close to 6% of Nestlé’s global workforce. Continue reading...