Nestlé will cut 16,000 jobs worldwide over the next two years as part of a cost-saving programme aimed at improving efficiency and growth performance. The Swiss multinational plans to eliminate 12,000 white-collar positions, in addition to 4,000 other roles, across its global operations.
The move is expected to deliver annual savings of around 1 billion Swiss francs (£940 million) and contribute to a broader target of 3 billion Swiss francs (£2.8 billion) in savings by the end of 2027.
Nestlé’s strategy focuses on tightening resource allocation and prioritising business areas with stronger growth potential. The company stated that it intends to channel investment into innovation, product development, and high-return markets, while reducing overheads and streamlining internal structures.
Nestlé’s York site, home to a major confectionery manufacturing campus that employs around 2,000 people, remains under review. However, the company has not confirmed how the job cuts will impact local operations. The site produces brands including KitKat, Aero, Yorkie, and Polo, alongside housing research and development, distribution, and office facilities.
The company stated the changes are part of a wider plan to sustain competitiveness and deliver long-term value to shareholders.
