Dhaka: Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, will eliminate 16,000 jobs worldwide over the next two years, its new chief executive announced Thursday.
According to Bangladesh Sangbad Sangstha, Philipp Navratil, who took the reins of the multinational in early September, said in a statement, “The world is changing, and Nestle needs to change faster.” This announcement came as the company published nine-month figures showing a sales decline of 1.9 percent, amounting to 65.9 billion Swiss francs (71 billion euros).