Thread regarding Nestle layoffs

Nestlé to Slash 16,000 Jobs as New CEO Speeds Up Turnaround

The job reductions, amounting to about 6% of the workforce, will occur over the next two years, the maker of Nespresso coffee capsules and KitKat candy bars said Thursday. The jobs announcement came alongside a 4.3% rise in third-quarter sales, driven by higher prices and improved real internal growth — a key measure of volumes closely watched by analysts and investors.

https://finance.yahoo.com/news/nestl-shares-soar-sales-rebound-071714788.html


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| 452 views | | 1 reply (October 17) | Reply
Post ID: @OP+1k7qez60z

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Profits are up.
Growth is constant.
This ceo will do what every CEO with performance bonuses has. Short lived stock jump, lower costs then the wheels fall off.

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Post ID: @b5+1k7qez60z

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