Nestlé posts 1.5% sales volume rise, citing price hikes, while cutting 16,000 jobs globally.

• Third‑quarter internal growth hit 1.5%, far exceeding analysts’ 0.3% expectation in the reporting period overall.
• CEO Philipp Navratil plans 12,000 white‑collar and 4,000 manufacturing job cuts to improve operational efficiency.
• Target cost savings raised to 3 billion CHF by 2027, up from 2.5 billion to drive profitability.