Nestle to axe 16,000 jobs as new CEO targets sales growth
Nestle will axe 16,000 jobs as it tries to raise sales volumes, new CEO Philipp Navratil said on Thursday, as the world’s largest packaged food company reported better-than-expected sales growth thanks to pricing-led upticks in coffee and confectionery. Navratil, the former head of Nespresso, replaced Laurent Freixe, who was fired in September as chief executive…