Nestle cutting 16,000 jobs via automation

Lambent55

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Shared Services = they pack up all the similar work several locations are doing in one package, then outsource it.

  • Increased focus on operational efficiency, including leveraging shared services and automating our processes, to drive positive business transformation.
  • Planned global headcount reduction of c. 16,000 over next two years, subject to consultation where applicable:
    - Includes c. 12,000 white-collar professionals across functions and geographies, driving annual savings of CHF 1.0 billion by end of 2027 (doubled versus original plan of CHF 0.5 billion); related one-off restructuring costs expected at two times annual savings;
    - Further c. 4,000 headcount reduction as part of ongoing productivity initiatives in manufacturing and supply chain.
  • Total Fuel for Growth cost savings target increased to CHF 3.0 billion (up from CHF 2.5 billion previously) by the end of 2027.
 
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