Nestle jumps 8% after consumer goods giant announces plans to slash 16,000 jobs

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Oct 16, 2025 - 12:00

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Nestle jumps 8% after consumer goods giant announces plans to slash 16,000 jobs

Nestle said Thursday it will cut 16,000 jobs as the firm's new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant.

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