Mercedes-Benz profits plunge by one-third amid weak global sales, U.S. import tariffs, and restructuring costs. The automaker plans major savings through 2027.
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Economy
Nestlé to Cut 16,000 Jobs Worldwide as New CEO Launches Major Cost-Saving Plan
by Jake HarperNestlé plans to cut 16,000 jobs worldwide by 2027 under new CEO Philipp Navratil, aiming to save 3 billion francs through automation, digitalization, and restructuring.