Nestlé has revealed plans to cut approximately 16,000 jobs globally over the next two years as part of a turnaround strategy aimed at boosting growth and cutting costs.
The initiative seeks to achieve annual savings of around £900 million by 2027—double the company’s previous target.
The FMCG giant posted an organic sales increase of 3.3% during the first nine months of 2025, reflecting solid performance across all regions and global business units.
However, total reported sales declined by 1.9%, largely due to continued weakness in the Greater China market.
Philipp Navratil, Nestlé’s CEO, said: “Driving (real internal growth) RIG-led growth is our number one priority. We have been stepping up investment to achieve this, and the results are starting to come through. Now we must do more and move faster to accelerate our growth momentum.
“As Nestlé moves forward, we will be rigorous in our approach to resource allocation, prioritising the opportunities and businesses with the highest potential returns.”
Looking ahead, the FMCG company remains confident in achieving year-over-year organic sales growth, though it anticipates some financial pressure from tariffs and foreign exchange headwinds.