Urgent recall: Nestlé infant formula products withdrawn after discovery of bacterial toxin

Urgent recall: Nestlé infant formula products withdrawn after discovery of bacterial toxin

The Food Safety Authority of Ireland has ordered the immediate recall of multiple SMA infant formula products manufactured by Nestlé after detecting a bacterial toxin that can cause severe illness in children, including newborns. The recall affects several batches across nine product lines. The toxin, called cereulide, is produced by the bacterium Bacillus cereus. Consumption … Read more

Nestlé to cut 16,000 jobs as part of €3.77 billion cost-reduction drive

Nestlé to cut 16,000 jobs as part of €3.77 billion cost-reduction drive

Nestlé, the world’s largest packaged food company, will eliminate 16,000 jobs as part of a major cost-cutting initiative, new CEO Philipp Navratil has announced. The job cuts represent 5.8% of Nestlé’s approximately 277,000 employees worldwide. The company has also raised its cost-saving target to 3 billion Swiss francs (€3.77 billion) by the end of 2027, … Read more

Nestle to hike food prices further in 2023; CEO

Nestle’s chief executive Mark Schneider told a German newspaper that the company will have to increase the prices of its food products further this year to make up for higher production costs that it has not yet fully passed along to customers. The increases won’t be as sizable as they were in 2022, but “we … Read more