Nestlé to axe 16,000 jobs as new chief targets sales growth

Nestlé, whose brands include KitKat, announced a 1.9% year-on-year decline in sales in the first nine months of the year. Photograph: Denis Balibouse/Reuters

Nestlé has said it will cut 16,000 jobs over the next two years as the owner of KitKat and Nescafé attempts to reduce costs and increase sales.

The Swiss-headquartered multinational said the cuts would include 12,000 white-collar professionals and 4,000 in its manufacturing and supply chain, close to 6% of Nestlé’s global workforce.