New Summary: Nestlé has announced plans to cut 16,000 jobs over the next two years in order to reduce costs and accelerate its business turnaround. This represents about 6% of the company’s global workforce of 277,000 employees. The company has…
Tag:
turnaround
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Dive Brief: Elliott Investment Management has acquired a stake of approximately $4 billion in PepsiCo, with plans to push for changes at the food and beverage giant. The activist investor has outlined ways in which the company can boost revenue…
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Key Updates: Unilever has made the surprising decision to remove CEO Hein Schumacher in a bid to expedite its turnaround efforts. This comes after Schumacher served less than two years in the role. Fernando Fernandez, Unilever’s CFO, will take over…
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Key Highlights: Tyson Foods, Inc., announced record-breaking earnings for the quarter, with CEO highlighting a turnaround in chicken and pork sectors after facing tough market conditions that led to layoffs and plant closures. Chicken profits reached an eight-year high in…