Nestle, the world’s largest food company, has announced plans to cut about 16,000 jobs worldwide over the next two years as part of a sweeping cost-reduction and automation programme.
The Swiss food giant said the decision is aimed at achieving operational efficiency by automating more processes and expanding shared services.
According to the company’s statement, about 12,000 of the layoffs will affect white-collar professionals, while another 4,000 will come from manufacturing and supply chain roles.