The Nestle logo is seen during the opening of the 151st Annual General Meeting of Nestle in Lausanne, Switzerland, Apr 12, 2018. (File photo: REUTERS/Pierre Albouy)

ZURICH: Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, will eliminate 16,000 jobs worldwide over the next two years, its new chief executive said on Thursday (Oct 16).

"The world is changing, and Nestle needs to change faster," Philipp Navratil, who took the reins of the multinational company in early September, said in a statement.

 

That included making "hard but necessary decisions to reduce headcount", he said.

Navratil spoke as the company published nine-month figures showing sales down by 1.9 per cent to 65.9 billion Swiss francs (US$83 billion).

The layoffs include 12,000 white-collar jobs, saving the company one billion Swiss francs - which it said was double what had been previously planned - on top of 4,000 job cuts already underway in production and the supply chain.

In response to queries from CNA, Nestle said the "announced workforce reduction" applies to all markets and all functions globally.

"It will affect each market in a different way, and each market will prepare its own plan," Nestle said.

"At this stage, we are not in a position to give specific numbers. 

"The plan will be subject to consultations with works councils in various markets," the company said.

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