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Business Matters: Nestle cutting 16,000 jobs globally

Nestle is cutting 16,000 jobs globally as it looks to reduce costs and continue its turnaround efforts. The Swiss food giant behind brands like Nescafe, KitKat, and Purina Pet Food, said on Thursday that the cuts will take place over the next two years. Nivrita Ganguly has this story and more in Business Matters for Friday Oct. 17.

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