Nestlé’s Anderson facility at 4301 W. Madison and CR 450S., which employs 800. Nestlé has announced it is cutting 16,000 jobs in a bid to retain profits. Photo from Google Maps.

News Release

VEVEY, SWITZERLAND — Switzerland-based Nestlé announced Thursday, Oct. 16 that it will cut 16,000 jobs worldwide over the next two years as part of a sweeping cost-reduction plan aimed at restoring the company’s financials.

The maker of Nescafé, KitKat, and Coffee mate said it will increase its targeted cost savings to $3.76 billion by the end of 2026, up from a previously planned $3.13 billion.

About 12,000 of the job losses will come from office and administrative positions across multiple locations, while another 4,000 will stem from changes in its manufacturing and supply chain infrastructure.

Nestlé employs about 36,000 people in the United States across 112 offices and facilities in 28 states. Its Anderson, Indiana, plant, which produces Coffee mate creamers, Natural Bliss products and ready-to-drink Nesquik, employs more than 800 workers. The company did not specify whether the Anderson facility or other U.S. sites will be affected by the cuts.

The restructuring follows a year of upheavals for the company, including the dismissal of CEO Laurent Freixe last month after an internal investigation and the early departure of Chairman Paul Bulcke. Philipp Navratil, a longtime Nestlé executive, has since taken over as CEO.

Nestlé, based in Vevey, Switzerland, is contending with higher commodity prices and tariffs. Coffee and cocoa costs remain elevated, and U.S. tariffs on Brazilian imports have intensified pressure on producers. Despite the challenges, shares of Nestlé rose nearly 8% Thursday, Oct. 16 on the SIX Swiss Exchange following the announcement.