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Podcast: レアジョブ英会話 Daily News Article Podcast
Episode: Nestlé cuts 16,000 jobs as part of an intensifying cost-cutting campaign
Description: Nestlé is cutting 16,000 jobs globally as the Swiss food giant cuts costs as part of its efforts to revive its financial performance.
Nestlé, which makes Nescafé, KitKats, pet foods, and many other well-known consumer brands, said that the job cuts will take place over the next two years. The Swiss company also said that it is raising targeted cost cuts to 3 billion Swiss francs ($3.76 billion) by the end of next year, up from a planned 2.5 billion Swiss francs ($3.13 billion).
It has been a turbulent year for the company based in Vevey, Switzerland. In September, Nestlé dismissed CEO Laurent Freixe after an i...