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Nestlé announces layoffs in cost-cutting drive

The Swiss food and beverage giant will cut nearly 6% of its global workforce over the next two years in a major efficiency drive to counter soaring commodity prices and costs

Nestlé’s headquarters in Vevey, Switzerland | Photo credit: Nestlé

The Swiss food and beverage giant will cut nearly 6% of its global workforce over the next two years in a major efficiency drive to counter soaring commodity prices

Nestlé has announced job cuts following a second consecutive quarter of revenue decline and sustained cost pressures. 

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