economy

February 26, 2026

Famous giant lays off 16,000 workers: Bitter struggles of a brand that also operates in Serbia

Swiss giant Nestlé, known for brands like KitKat and Nescafé, is launching a massive wave of layoffs – a total of 16,000 jobs worldwide, while simultaneously introducing a new, significantly stricter bonus system that will leave some employees without any reward.

Famous giant lays off 16,000 workers: Bitter struggles of a brand that also operates in Serbia

TL;DR

  • Nestlé plans to lay off 16,000 employees worldwide.
  • A new, stricter bonus system is being introduced, with rewards ranging from 0-50% to up to 150% of the target bonus.
  • The company aims to save three billion Swiss francs by 2027 under the 'Fuel for Growth' program.
  • Approximately 12,000 office jobs and 4,000 production/supply chain jobs will be cut.
  • The changes are a response to weak organic growth of 0.8% in 2025.
  • The new bonus system ties rewards to a minimum level of real internal growth (RIG).

Continue reading the original article

Made withNostr