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Nestle Announces Job Cuts Amid Sales Growth, Stock Rises

Nestle Announces Job Cuts Amid Sales Growth, Stock Rises

Author:

Global Cryptocurrency

Published:

2025-10-16 08:41:02

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Nestle (NSRGY) reported a 3.3% organic growth year-to-date, up from 2.0% in the same period last year, with third-quarter real internal growth (RIG) rising 1.5%, surpassing analyst expectations. Despite the positive performance, the company plans to cut 16,000 jobs over the next two years, including 12,000 white-collar positions, aiming for annual savings of 1 billion CHF.

CEO Philipp Navratil reaffirmed full-year guidance, emphasizing further sales improvement. Nestle's stock (DE:NESM) gained 6.8% on the Frankfurt exchange following the announcement, extending its year-to-date rise to 19.1%. The company also reiterated its commitment to maintaining its 25-year dividend streak.

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