Nestle to axe 16,000 jobs as new boss pushes to cut costs

The world's largest packaged food and drink company, Nestle owns hundreds of brands, including Nescafe, KitKat and Maggi. Nestle plans to get rid of 12,000 white collar jobs on top of 4,000 other roles across the board within the next two years, it said in a statement. The lay-offs will save the foo...

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