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Food and beverage giant the Swiss conglomerate stated it will eliminate 16,000 jobs within the coming 24 months, as the recently appointed chief executive Philipp Navratil advances a strategy to focus on products offering the “most lucrative outcomes”.

The Swiss company must “evolve at a quicker pace” to keep pace with a dynamic global environment and adopt a “results-oriented culture” that refuses to tolerate ceding ground to competitors, according to the CEO.

He replaced ex-chief executive Laurent Freixe, who was let go in last fall.

These workforce reductions were disclosed on the fourth weekday as Nestlé announced better sales figures for the initial three quarters of 2025, with increased sales across its major categories, such as beverages and confectionery.

The world's largest packaged food and drink corporation, this industry leader operates a multitude of brands, among them its coffee, chocolate, and food brands.

The company intends to get rid of 12,000 professional roles on top of 4,000 further jobs throughout the organization over the coming 24 months, it announced publicly.

These job cuts will result in savings of the food giant around 1bn SFr (£940m) annually as a component of an sustained expense reduction program, it said.

Nestlé's share price rose 7.5% soon after its performance report and restructuring news were announced.

Nestlé's leader said: “We are building a culture that embraces a achievement-oriented approach, that refuses to tolerate competitive setbacks, and where achievement is incentivized... The marketplace is evolving, and the company requires accelerated transformation.”

The restructuring would encompass “hard but necessary choices to cut staff numbers,” he said.

Market analyst an industry specialist said the report suggested that Mr Navratil wants to “enhance clarity to aspects that were formerly less clear in the company's efficiency strategy.”

The workforce reductions, she explained, seem to be an initiative to “adjust outlooks and regain market faith through measurable actions.”

The former CEO was dismissed by Nestlé in the beginning of the ninth month after an investigation into reports from staff that he failed to report a private liaison with a immediate staff member.

The company's outgoing chair Paul Bulcke moved up his leaving schedule and left his post in the identical period.

It was reported at the period that stakeholders attributed responsibility to the former chairman for the firm's continuing challenges.

Last year, an investigation discovered Nestlé baby food products marketed in developing nations contained undesirably high quantities of added sugars.

The analysis, conducted by non-profit organizations, established that in several situations, the same products available in developed nations had no added sugar.

• The corporation manages hundreds of product lines internationally.
• Workforce reductions will involve sixteen thousand workers during the upcoming biennium.
• Cost reductions are anticipated to reach one billion Swiss francs annually.
• Stock value climbed seven and a half percent post the announcement.