Tag: Swiss franc

BusinessEconomy and Trading

Nestlé Announces 16,000 Job Cuts in Major Restructuring Effort

Global food giant Nestlé will cut approximately 16,000 jobs worldwide over the next two years as part of an expanded cost-reduction program. The company’s new CEO announced the restructuring amid slowing growth and pressure from investors. Nestlé shares reportedly surged following the announcement.

Major Workforce Reduction at Global Food Giant

Nestlé, the Swiss-based multinational food and drink processing corporation, will eliminate approximately 16,000 positions globally over the next two years, according to reports from company leadership. The job cuts represent one of the largest restructuring efforts in the company’s recent history and come just six weeks after the dismissal of its previous chief executive.

by Jessica Moore P.E.
BusinessManufacturing

Ypsomed Announces Major U.S. Expansion with $200M North Carolina Manufacturing Facility

Ypsomed is establishing its inaugural United States manufacturing presence with a strategic investment in Wake County, North Carolina. The Swiss medical device leader plans to create up to 200 jobs while enhancing supply security for the American healthcare market.

In a significant strategic move, Swiss medical technology leader Ypsomed has announced plans to establish its first manufacturing facility in the United States, marking a pivotal expansion in the company’s global growth strategy. The company will invest approximately CHF 200 million (approximately $220 million USD using current Swiss franc exchange rates) in the initial phase of development in Holly Springs, North Carolina.

Strategic Location Selection in North Carolina’s Growing Medical Hub

by Jessica Moore P.E.