Nestle Layoffs: 16,000 Jobs To Be Cut Globally Under New CEO’s Restructuring Plan
Even as Nestle announced the job cuts, CEO Philipp Navratil revealed that the company’s sales for the first nine months of 2025 fell by 1.9 per cent to 83 billion dollars. However, Nestle managed an organic sales growth of 3.3 per cent, largely driven by a 2.8 per cent increase in product prices.
Oct 16, 2025, 13:43 PM IST
Meet Laurent Freixe – The Nestlé Boss Ousted After A Workplace Affair Shocker
Laurent Freixe, Nestlé’s CEO since September 2024, was abruptly fired after less than a year in the role for violating the company’s Code of Business Conduct. An internal probe confirmed he had an undisclosed romantic relationship with a direct subordinate. Freixe, a Nestlé veteran of nearly 40 years, will not receive severance pay. The board swiftly appointed Philipp Navratil, former Nespresso head, as the new CEO. Chairman Paul Bulcke stressed the move was necessary to protect Nestlé’s values. The leadership shake-up comes as the company faces sluggish growth, rising competition, and mounting investor pressure.
Sep 02, 2025, 20:00 PM IST
Nestle Sacks CEO Over Romantic Relationship With Subordinate In Office
Nestle CEO Laurent Freixe Sacked: The maker of products ranging from KitKat to Nesquik said that it had appointed veteran insider Philipp Navratil, who had headed the Nespresso coffee unit, as Freixe's successor with immediate effect.
Sep 02, 2025, 08:37 AM IST
Maggi Prices To Increase After January 1 In India? Find Out Reason Here
Maggi Price In India: Nestle India announced that Maggi sales hit six billion servings in the 2023-24 financial year, cementing India as the brand's largest market globally reportedly.
Dec 15, 2024, 13:17 PM IST
DNA Exclusive: How Nestle's Cerelac Is Playing With Health Of Indian Babies
Nestle Cerelac does not make your child healthy; it makes them sick, claimed a report.
Apr 18, 2024, 22:46 PM IST
Nestle Adds Sugar In Baby Foods Sold In Low And Middle Income Countries Including India, But Not In Developed Nations: Report
Swiss investigative organisation Public Eye has found in its report that Nestle adds upto 3 grams of sugar in its baby food per serving in India, however the same is sugar-free in countries like US, United Kingdom, Germany Switzerland.
Apr 18, 2024, 09:47 AM IST
Sensex Declines 359 Pts On Selling In IT shares, Foreign Fund Outflows
Benchmark Sensex dropped 359 points as Nifty closed below 21,400 due to IT sell-off and foreign fund outflows. Global factors and weak corporate results influenced the decline.
Jan 25, 2024, 17:51 PM IST
Nestle India Logs Rs 698 Cr PAT For Q2, Extends Financial Year
Nestle India’s Board at their meeting also approved to change the financial year from January 1–December 31 (calendar year) to April 1-March 31 (financial year).
Jul 27, 2023, 17:12 PM IST
Nestle India Declares Interim Dividend Of Rs 27 For 2023
It has fixed April 21, 2023 as the record date to determine the eligibility of shareholders for the payment of said interim dividend.
Apr 12, 2023, 15:37 PM IST
Tirupati Temple richer than Wipro, Nestle, ONGC, IOC, has net worth of over Rs 2.5 lakh crore
Tirumala Tirupati Devasthanams, keeper of the temple dedicated to Tirupati's presiding deity, for the first time since its founding in 1933 declared its net worth.
Nov 07, 2022, 10:05 AM IST
US runs out of baby formula, imports from Mexico to fight shortage
The Biden administration said that it is providing logistical support to import the equivalent of about 16 million 8-ounce baby formula bottles from Mexico starting this weekend.
Jun 22, 2022, 21:11 PM IST
High import tariffs lead to baby formula shortage in US: Report
About 40 percent of the nation`s baby formula has been out of stock recently, reports ANI.
May 21, 2022, 22:00 PM IST
Nestle India Q4 profit dips 20% to Rs 386.66 crore, revenue up 8.9%
Nestle India Ltd reported a 20 per cent decline in its net profit to Rs 386.66 crore for the fourth quarter ended on December 31, 2021.
Feb 17, 2022, 21:13 PM IST
Nestle admits 60% of food portfolio including Maggi is “unhealthy”
As per the report, Nestle, the maker of KitKat, Maggi and Nescafe, describes the 3.5 star threshold as a "recognised definition of health".
Jun 03, 2021, 09:57 AM IST
MHA puts on hold list of 1,026 delisted items including Dabur, Nestle for CAPF canteens
According to the order issued earlier on Monday, thousands of products manufactured by firms like Dabur, VIP industries, Eureka Forbes, Jaquar, HUL (foods), Nestle India were barred from featuring at CAPF canteens, with effect from June 1.
Jun 01, 2020, 17:53 PM IST
Deshhit: Watch detailed analysis of all the major news of the day, January 03rd, 2019
This segment of Zee News brings detailed news stories of the day. Watch this video to know top stories of January 03, 2019.
Jan 03, 2019, 21:30 PM IST
Deshhit: Government seeks Rs 640 crore in damages from Nestle over lead presence in Maggi
In Nestle controversial case, the noodle company has admitted to the presence of poisonous lead in Maggi. Watch full video to know more.
Jan 03, 2019, 21:22 PM IST
Deshhit: Know top 20 deshhit news of today
This segment of Zee News brings to you top 20 news stories of the day. Watch this video for more information.
Jan 03, 2019, 21:04 PM IST
Nestle admits to presence of lead content in Maggi during SC hearing
This segment of Zee News brings to you latest from Nestle case in which today the lawyers' have admitted presence of lead content in Maggi. Watch full video to know more.
Jan 03, 2019, 20:36 PM IST