New Delhi, October 27: Nestle is reportedly planning to lay off around 150 employees from its sales team in France. The decision can be seen as a part of the company’s strategy to streamline its operations. The company is likely to reduce its workforce and may outsource some marketing responsibilities for several of its brands.

As per a report of Yahoo Finance, Nestle has proposed a plan to lay off approximately 148 employees out of 462 positions in its sales team in France. According to reports, Nestle is considering to make job cuts as part of its efforts to reduce the size of its sales team in the country. Spirit Airlines Layoffs: Budget Carrier Plans To Lay Off Employees, Sell Planes To Reduce Costs and Raise Cash.

The company's French branch has not provided specific details about how many employees might be affected by the layoffs. However, reports suggest that the company is evaluating its workforce and may be planning adjustments to better align with its business goals. The CFDT, the trade union, reported that a meeting was held with staff representatives, who expressed disapproval of the proposed layoffs.

Currently, discussions are taking place with the unions as part of a process to share information and gather feedback. A decision regarding the plan is anticipated by the end of the year. At this point, the proposal is still in the early stages, and the unions are being prioritised in the discussions. The company reportedly highlighted several reasons for its current situation. The company mentioned that the market is very competitive, and the retail industry in France is undergoing changes, which is affecting how businesses operate. Tech Layoffs in October 2024: Meta, Nokia, Intel, Kaspersky and Others Announce Layoffs of Hundreds of Employees This Month Amid Restructuring and Cost Saving.

Nestle has reportedly stated that it needs to adjust the range of activities handled by its sales team in France. The company is looking to outsource the marketing for some of its well-known products, including Nestle cereals, Maggi, and Nesquik. Reports suggest that the company stated that it needs to make changes to the range of tasks and responsibilities handled by its sales team in France.

(The above story first appeared on LatestLY on Oct 27, 2024 05:51 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).