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The Latest Breaking News from Nestlé

Nestlé is laying off over 16,000 employees under its new CEO—and says a key motivator is 'automation'

"This initiative is focused on transforming our ways of working," a company spokesperson told Fortune.

Fortune

Nestlé cuts 16,000 jobs as part of an intensifying cost-cutting campaign

Nestlé is cutting 16,000 globally as the Swiss food giant looks to trim costs and continue with its turnaround efforts

The Independent UK

First Thing: JD Vance brushes off racist texts in Republican group chat as ‘what kids do’

Vice-president downplays messages such as ‘I love Hitler’ in chat by 24- to 35-year-olds as ‘stupid jokes’. Plus, Virginia Giuffre on her abuse at the hands of Epstein and Maxwell

The Guardian - UK

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Nestlé to cut 16,000 jobs worldwide in major restructuring move

Nestlé is cutting 16,000 jobs globally to streamline operations, focus on high-return products, and shore up profitability under new CEO Philipp Navratil.

Euronews

Nestlé to axe 16,000 jobs as new chief targets sales growth

Almost 6% of global workforce will be cut over next two years, including 12,000 white-collar professionals

The Guardian - UK

Nestlé chairman to step down after recent shock dismissal of CEO

The decision comes after shareholders criticised the chairman's handling of a scandal involving the firm’s CEO. Laurent Freixe was fired earlier this month after an investigation found he had failed to disclose a romantic relationship with a subordinate.

Euronews

How Many Mistresses Does Ex-Nestlé CEO Have? Shocking New Twist Behind His Termination Drops Jaws

Ex-Nestlé CEO Laurent Freixe was abruptly dismissed after an undisclosed affair with a subordinate was exposed by his 'official mistress' in a Zurich hotel, provoking a storm of corporate governance and workplace ethics questions.

International Business Times UK

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Shrinkflation bites as boxes of Quality Street and Celebrations lose weight

Toblerone and Chocolate Orange also smaller this year after poor cocoa harvests in Africa raise cost of raw materials

The Guardian - UK

If your spouse used to report to you, you probably shouldn’t be a CEO

If your spouse used to report to you, you probably shouldn’t be a CEO.

Fortune

Fired Nestlé CEO 'was outed by scorned mistress when she found him in Swiss hotel with another employee'

Laurent Freixe was allegedly sacked in a dramatic confrontation with other executives

Evening Standard

Nestlé Chief Ousted After 'Affair With Colleague' — Proof Europe Is Now Playing by America's Corporate Rules

Nestlé has dismissed CEO Laurent Freixe after an investigation found he concealed a romantic relationship with a subordinate—marking a rare instance of swift action in European corporate governance.

International Business Times UK

Summer lovin’, put on blast: Can CEOs stop behaving badly?

Is it that CEOs are behaving more poorly or just that we just have greater means to catch them in the act?

Fortune

Don’t date at work, don’t be a jerk: In our viral age, CEOs should behave like royalty to avoid being fired

Also: All the news and watercooler chat from Fortune.

Fortune

More details emerge about Nestlé CEO’s ‘inappropriate relationship’ with employee

Laurent Freixe was accused of improper favoritism months before he was fired

The Independent UK

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news in one place.

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International Business Times UK

Mistress of Nestlé's Ex-CEO Left Firm with 'Attractive Severance Package': Who is Laurent Freixe's Marketing Lover?

Nestlé ousted CEO Laurent Freixe for an undisclosed relationship with a subordinate, triggering questions on corporate governance and executive ethics.

Fortune

New Nestlé CEO joined the company straight out of college—like Mary Barra and Doug McMillon, he climbed all the way to the top at a single company

Philipp Navratil joins Fortune 500 leaders in proving that playing the long game up the same corporate ladder can pay off.

Fortune

Nestlé fired its scandal-clad CEO without a payout—a ‘really unusual’ move, corporate governance expert says

High-profile executives usually get a “golden parachute,” even after serious misconduct violations.

International Business Times UK

From The Boardroom To Bedroom: Laurent Freixe, Andy Byron, And 5 Other CEO's Who've Lost Their Jobs Due To Affairs

Scandals that shook the C-suite: 7 CEOs, including Laurent Freixe and Andy Byron, lost their jobs over affairs. Here's what led to their downfall.

Get all your
news in one place.

100's of premium titles.
One news app.

International Business Times UK

Nestlé CEO Laurent Freixe Fired Over Relationship Scandal — Meet His Successor Philipp Navratil

Nestle CEO Laurent Freixe was immediately fired after his 'inappropriate relationship' with a direct employee was discovered. Philipp Navratil replaced him as the Swiss food giant's new leader. But, who is he?

Benzinga

Nestle Suddenly Fires CEO Over Romantic Relationship With Employee

On Monday, Nestlé unexpectedly removed its CEO, Laurent Freixe, after he failed to disclose a romantic involvement with an employee who reported directly to him.

International Business Times UK

Who is Nestlé CEO Laurent Freixe's Wife? Name, Profession and Scandal Aftermath

After nearly four decades at the company, Freixe's exit was triggered by an internal investigation into a relationship with a subordinate, which was a breach of corporate conduct that ended his brief tenure as CEO.

International Business Times UK

Nestle CEO Laurent Freixe's Removal Explained: Is the Identity of His Subordinate Revealed?

Nestle CEO Laurent Freixe was ousted over an undisclosed affair. Details on his removal, the subordinate speculation, and Nestlé's leadership change.

Euronews

Nestlé dismisses CEO after undisclosed romantic relationship with subordinate

Freixe, who had been CEO for a year, will be replaced by Philipp Navratil, a longtime Nestlé executive.

The Independent UK

Nestle fires new boss over reports of relationship with employee

IN FULL

The Independent UK

The code of conduct violation that saw Nestle fire its CEO

IN FULL

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