If you needed a wake-up call for the global food-manufacturing complex, these past few months delivered it with a roar.
Dr Pepper Keurig is breaking apart. Kellogg is splitting again. Kraft-Heinz is unravelling. And now Nestle has dropped a bombshell: A plan to cut 16,000 jobs globally — one of the largest layoffs ever seen in the consumer-goods space outside of bankruptcy. In Canada, Nestle refuses to disclose how many jobs will go, despite employing more than 3,500 people across several locations.
