According to media reports, including Al Jazeera on Tuesday, the Swiss food giant said the job cuts will take place over the next two years, adding that the targeted costs will also be reduced by three billion francs by 2026.
Nestlé, which is famous for some of its top brands such as Nescafé and KitKats, has attributed its decision to the decrease in sales due to the anti-Israel boycott campaign worldwide following the regime’s genocidal war against Palestinians in the Gaza Strip.
Nestlé owns more than half of the shares of Osem, an Israeli food manufacturing and distributing company.
Boycott campaigns against Israeli and Israel-associated products and brands in European, American and other countries have intensified since the regime launched its devastating war on Gaza and committed unprecedented crimes against Palestinians.
Israeli media previously reported that the boycott had forced an Israeli restaurant chain “Shouk” to close all its branches in Washington, with Haaretz citing activists accusing these restaurants of colluding with the apartheid regime, in order to import products from illegal Israeli settlements.
MNA
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