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Nestlé cuts 16,000 jobs as part of an intensifying cost-cutting campaign

Nestlé cuts 16,000 jobs as part of an intensifying cost-cutting campaign

Nestlé is cutting 16,000 jobs globally as the Swiss food giant cuts costs as part of its efforts to revive its financial performance. Nestlé, which makes Nescafé, KitKats, pet foods and many other well-known consumer brands, said Thursday that the job cuts will take place over the next two years. The Swiss company also said that it is raising targeted …

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