Nestle to cut 500 IT jobs at its headquarter

Job cutNestle plans to eliminate up to 500 information technology (IT) jobs at its Swiss home base as its shifts work to an existing tech hub in Spain and other locations, Reuters reported.

The report said activist shareholder Daniel Loeb is keeping pressure on Nestle to cut costs and increase returns to investors.

Its Nespresso coffee business also plans to establish operational centers in Spain and Portugal to benefit from existing Nestle e-commerce and supply chain hubs, and intends to create a center for boutique operations in Italy too.

“It is Nespresso’s intention to offer roles in these centers to all of the 80 employees impacted by the proposed change,” it added. These were in addition to the 500 Swiss IT jobs at risk.

Nestle said it remained committed to its Swiss base, where it employed more than 10,100 people in 2017.

It said this month it planned to combine its scientific research operations into a single Swiss unit in an attempt to speed up development of new products at a time when competition from smaller rivals is intensifying.

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