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Food and beverage giant Nestlé stated it will eliminate 16,000 roles within the coming 24 months, as the recently appointed chief executive the company's fresh leader drives a plan to prioritize products offering the “greatest profit margins”.

The Swiss company needs to “evolve at a quicker pace” to remain competitive in a dynamic global environment and implement a “results-oriented culture” that refuses to tolerate losing market share, said Mr Navratil.

He replaced former CEO the previous leader, who was let go in September.

The layoff announcement were revealed on the fourth weekday as Nestlé announced improved revenue numbers for the first three-quarters of 2025, with expanded product movement across its major categories, such as beverages and confectionery.

The world's largest packaged food and drink corporation, Nestlé owns hundreds of labels, like its coffee, chocolate, and food brands.

Nestlé intends to remove twelve thousand white collar roles in addition to four thousand further jobs company-wide during the next biennium, it said in a statement.

The workforce reduction will save the food giant around 1bn SFr (£940m) per annum as within an continuous efficiency drive, it confirmed.

Nestlé's share price rose 7.5% shortly after its trading update and restructuring news were revealed.

Mr Navratil said: “We are cultivating a organizational ethos that embraces a results-driven attitude, that will not abide losing market share, and where success is recognized... Global dynamics are shifting, and Nestlé needs to change faster.”

This transformation would encompass “difficult yet essential actions to trim the workforce,” he noted.

Equity analyst a financial commentator remarked the announcement suggested that the new CEO seeks to “bring greater transparency to sectors that were previously more opaque in its expense reduction initiatives.”

These layoffs, she noted, appear to be an initiative to “adjust outlooks and rebuild investor confidence through tangible steps.”

His forerunner was sacked by Nestlé in the start of last fall following a probe into reports from staff that he failed to report a personal involvement with a immediate staff member.

The former board leader the ex-chairman brought forward his exit timeline and resigned in the same month.

Media stated at the time that investors attributed responsibility to the outgoing leader for the firm's continuing challenges.

In the prior year, an investigation discovered infant nutrition items from the company available in developing nations included undesirably high quantities of added sugars.

The study, carried out by advocacy groups, established that in numerous instances, the same products available in developed nations had no extra sugars.

• Nestlé owns hundreds of brands internationally.
• Job cuts will affect 16,000 staff members over the coming 24 months.
• Expense cuts are estimated to amount to CHF 1 billion per year.
• Stock value rose seven and a half percent post the announcement.