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Food and beverage giant the Swiss conglomerate stated it will eliminate 16,000 roles over the next two years, as the recently appointed chief executive Philipp Navratil drives a plan to prioritize products offering the “greatest profit margins”.

This multinational corporation needs to “adapt more quickly” to remain competitive in a changing world and adopt a “performance mindset” that does not accept ceding ground to competitors, said Mr Navratil.

His appointment followed former CEO the previous leader, who was dismissed in the ninth month.

The job cuts were made public on the fourth weekday as the corporation shared improved sales figures for the first three-quarters of 2025, with expanded sales across its major categories, including coffee and sweets.

Globally dominant packaged food and drink company, this industry leader owns hundreds of product lines, among them well-known names in coffee and snacks.

Nestlé intends to get rid of 12,000 professional positions alongside four thousand additional positions company-wide during the next biennium, it stated officially.

These job cuts will cut costs by the corporation about 1bn SFr (£940m) per annum as part of an continuous efficiency drive, it said.

The company's stock value increased 7.5% soon after its trading update and job cuts were made public.

Nestlé's leader commented: “We are building a corporate environment that welcomes a performance mindset, that does not accept competitive setbacks, and where winning is rewarded... The world is changing, and the company requires accelerated transformation.”

The restructuring would include “hard but necessary actions to trim the workforce,” he noted.

Equity analyst Diana Radu stated the announcement suggested that Nestlé's leader seeks to “increase openness to aspects that were formerly less clear in the company's efficiency strategy.”

The job cuts, she explained, seem to be an initiative to “adjust outlooks and restore shareholder trust through concrete measures.”

Mr Navratil's predecessor was terminated by Nestlé in the start of last fall subsequent to an inquiry into reports from staff that he omitted to reveal a personal involvement with a direct subordinate.

The company's outgoing chair Paul Bulcke brought forward his departure date and left his post in the identical period.

Media stated at the period that investors held accountable the former chairman for the company's ongoing problems.

Last year, an study discovered its baby formula and foods sold in developing nations contained undesirably high quantities of sweeteners.

The study, by a Swiss NGO and the International Baby Food Action Network, established that in several situations, the equivalent goods available in affluent markets had no extra sugars.

• The corporation operates hundreds of brands globally.
• Layoffs will involve sixteen thousand staff members throughout the next two years.
• Expense cuts are projected to total one billion Swiss francs per year.
• Stock value increased significantly after the announcement.