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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