by Nestlé plans to create about 1,500 additional jobs in Ukraine. Keystone/Laurent Gillieron The Swiss multinational Nestlé says it will invest CHF40 million (. million) to launch a new production facility in western Ukraine. The world largest food and beverage company is one of very few international companies to announce new investments in Ukraine since Russia invaded the country in February. A senior Nestlé manager described it as a important move in a challenging situation for Ukraine. “We aim to create a food and culinary hub, ensuring incremental jobs and serving the needs of Ukrainians and all European citizens with high quality products,” said Alessandro Zanelli, Nestlé CEO for the south eastern European markets. Russia’s invasion has wrecked
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Business, Featured, newsletter
This could be interesting, too:
RIA Team writes The Benefits of Starting Retirement Planning Early in Your Career
Swissinfo writes Swiss residential real estate to remain in demand in 2025
Thomas J. DiLorenzo writes Stakeholder Capitalism and the Corporate KPI Cult
Swissinfo writes Parliament stalemate on abolishing Swiss homeowner tax
Nestlé plans to create about 1,500 additional jobs in Ukraine. Keystone/Laurent Gillieron
The Swiss multinational Nestlé says it will invest CHF40 million ($42. million) to launch a new production facility in western Ukraine.
The world largest food and beverage company is one of very few international companies to announce new investments in Ukraine since Russia invaded the country in February.
A senior Nestlé manager described it as a important move in a challenging situation for Ukraine.
“We aim to create a food and culinary hub, ensuring incremental jobs and serving the needs of Ukrainians and all European citizens with high quality products,” said Alessandro Zanelli, Nestlé CEO for the south eastern European markets.
Russia’s invasion has wrecked Ukraine’s economy, which is projected to shrink by 35% this year, according to estimates by the International Monetary Fund.
In recent weeks power blackouts have spread throughout the country as Russia intensified attacks on Ukrainian power facilities.
Nestle, which already has about 5,800 staff in Ukraine, is planning to add 1,500 new jobs at the new production facility in Smolyhiv in the Volyn region.
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
Tags: Business,Featured,newsletter