The Swiss food group slashed planned layoffs by 20% following negotiations with Spanish unions and offered voluntary redeployments.
Nestlé has agreed with Spanish unions to cut a maximum of 242 jobs in the country, down from an initial 301 positions announced in April. The reduction follows negotiations aimed at minimizing workforce impact, with the company also offering voluntary leave and relocation options for affected employees.
The agreement includes 64 available positions that could be filled by impacted workers, potentially lowering job losses to 178. Nestlé stated the final number of redundancies will depend on voluntary redeployments across four factories and its Barcelona head office. The deal reflects efforts to balance restructuring with social measures.
No immediate market reaction was reported, though the move may ease labor tensions in Spain’s food sector. Nestlé’s restructuring plan aligns with broader cost-cutting efforts amid global economic pressures.