As many as 16,000 people will be jobless as Nestle tries to raise sales volumes, CEO Philipp Navratil said on Thursday. This comes as the world’s largest packaged food company reported better-than-expected sales growth thanks to pricing-led upticks in coffee and confectionery, Reuters reported.

As Nestle tries to become more efficient, Navratil said there would be 12,000 white collar job cuts, in addition to a further 4,000 headcount reduction as part of ongoing initiatives in manufacturing and supply chain. Nestle currently employs around 277,000 people across the globe.

Navratil, the former head of Nespresso, replaced Laurent Freixe, who was fired in September as chief executive over an undisclosed relationship with a direct report.

Nestle has endured an unprecedented period of ma

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