Nestlé has announced plans to cut around 16,000 jobs worldwide over the next two years as part of its turnaround strategy to accelerate growth and reduce costs.

The move is part of the brand’s push towards achieving yearly savings of around £900m by 2027, which is two times higher than the previous goal.

The FMCG giant reported positive organic sales growth of 3.3% in the first nine months of 2025, with a strong performance across all regions and global businesses.

However, the total reported sales decreased by 1.9%, driven by continuing declining sales in Greater China.

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Philipp Navratil, Nestlé’s CEO, said: “Driving (real internal growth) RIG-led growth is our number one priority. We have been stepping up investment to achieve this, and the results are starting to come through. Now we must do more and move faster to accelerate our growth momentum.

“As Nestlé moves forward, we will be rigorous in our approach to resource allocation, prioritising the opportunities and businesses with the highest potential returns.”

Moving forward, the FMCG company is confident that organic sales will grow year-over-year and expects a financial impact from tariffs and foreign exchange currency headwinds.