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Nestlé to cut 16,000 jobs globally: New CEO pushes restructuring to revive growth

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Business Standard

Nestlé, the world’s largest food and beverage company, has announced it will slash 16,000 jobs over the next two years. The move, aimed at cutting costs and reigniting growth, marks one of the biggest restructurings in the company’s history. Here’s what’s behind the decision, which departments will be hit, and what it means for Nestlé’s future.

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