Nestlé

One of the world's largest food companies, Nestle, plans to cut 500 people from its IT department in Switzerland, reports Reuters.

It is planned to move its technological hub to Spain.

Production will not be affected by the measure, says Nestlé.

Swiss food giant Nestle announced yesterday it will pay $7.15 billion in cash for the rights to market Starbucks products around the world, outside of the company's coffee shops.

Nestle said on Jan. 16 it has agreed to sell its U.S. candy business to Italy’s Ferrero for CHF 2.7 billion ($2.8 billion/2.3 billion euros) in cash as the Swiss food giant shakes up its product portfolio.

In Wu Qiong's small cafe in downtown Shanghai, coffee beans nestle in glass jars on the bar while various brews bubble away behind the counter.

Ice cream factory Froneri Hellas S.A, a joint business venture between Nestle and R&R, announced it would be suspending the operation of its plant in Tavros, Monday. The company, which employed 102 permanent staff and over 100 seasonal employees, said in its statement it was forced to shut down in an effort to reorganise and curtail its financial losses.

Froneri Hellas (formerly Nestlé) has announced the closure of its ice cream factory in the west Athens neighborhood of Tavros, citing measures being taken to alleviate financial difficulties the company is facing.

Just when you think there’s no end to the diversity of junk food lining supermarket aisles, an insanely detailed infographic comes along to set us all straight. Out of the hundreds of products at our disposal, only ten major corporations manufacture the bulk of what we toss in our shopping carts.

Coca-Cola, Unilever, Nestle and Delta have preemptively removed products from retail outlets across Attica after an anti-establishment group warned it had contaminated products with chlorine and hydrochloric acid.

In a statement Wednesday, Greece's food authority (EFET) said it was working in close cooperation with police to protect consumers.

Reorganized geographically at the beginning of the year, Nestle is challenging a number of regional problems, as the confectionery giant bids to remain strong in the Russian market despite the depreciation of the ruble, while it also continues its business in war-torn Syria, according to Nestle executive Luis Cantarell.