Nestle is cutting 16,000 jobs globally as part of efforts to revive its financial performance.
The Swiss food giant, which makes Nescafe, KitKats, pet foods and many other well-known consumer brands, said Thursday that the job cuts will take place over the next two years. The company also said that it is raising targeted cost cuts to 3 billion Swiss francs ($5.32 billion Cdn) by the end of next year, up from a planned 2.5 billion Swiss francs ($4.43 billion Cdn).
Nestle Can
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