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Global consumer goods leader Nestlé stated it will remove 16,000 positions within the coming 24 months, as the recently appointed chief executive the company's fresh leader pushes a plan to focus on products offering the “highest potential returns”.

The Swiss company must “change faster” to keep pace with a evolving marketplace and adopt a “results-oriented culture” that does not accept 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 Thursday as Nestlé shared better revenue numbers for the first three-quarters of 2025, with higher revenue across its key product lines, such as beverages and confectionery.

The world's largest consumer packaged goods corporation, this industry leader operates numerous product lines, among them well-known names in coffee and snacks.

Nestlé plans to get rid of twelve thousand white collar jobs alongside 4,000 additional positions throughout the organization within the next two years, it said in a statement.

The workforce reduction will save the food giant approximately CHF 1 billion annually as a component of an continuous efficiency drive, it said.

Its equity price was up 7.5% shortly after its performance report and restructuring news were made public.

Nestlé's leader stated: “We are fostering a corporate environment that adopts a performance mindset, that refuses to tolerate market share declines, and where winning is rewarded... The world is changing, and the company requires accelerated transformation.”

Such change would involve “hard but necessary decisions to cut staff numbers,” he added.

Equity analyst Diana Radu remarked the update suggested that Mr Navratil seeks to “enhance clarity to aspects that were formerly less clear in Nestlé's cost-saving plans.”

The workforce reductions, she noted, are likely an effort to “reset expectations and regain market faith through measurable actions.”

His forerunner was terminated by Nestlé in the start of last fall subsequent to an inquiry into internal complaints that he omitted to reveal a private liaison with a direct subordinate.

The former board leader Paul Bulcke brought forward his departure date and stepped down in the same month.

It was reported at the period that shareholders held accountable the former chairman for the firm's continuing challenges.

The previous year, an investigation discovered Nestlé baby food products sold in low- and middle-income countries had excessive amounts of sweeteners.

The research, carried out by advocacy groups, found that in numerous instances, the identical items sold in wealthy countries had no added sugar.

• The corporation manages a wide array of brands worldwide.
• Job cuts will involve 16,000 employees throughout the upcoming biennium.
• Expense cuts are projected to reach one billion Swiss francs per year.
• Equity rose 7.5% post the update.