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Nestlé's corporate headquarters building in Vevey, Vaud, Switzerland. Picture: Collected[/caption]
GFMM desk: Swiss food giant Nestle postponed all business trips until March 15, as the outbreak of coronavirus worldwide increased. The announcement was made on Tuesday (25 Feb 2020) by the company. The information was reported in a report by AFP.
A spokesman for the company said: "All our employees worldwide have been instructed not to travel for business until March 15. Depending on the situation, this step will be reviewed. '
"We are closely monitoring the situation to ensure the safety of our staff," the spokesman said.
Nestlé S.A. is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest food company in the world, measured by revenues and other metrics, since 2014. It ranked No. 64 on the Fortune Global 500 in 2017 and No. 33 on the 2016 edition of the Forbes Global 2000 list of largest public companies.
Nestlé's products include baby food, medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks. Twenty-nine of Nestlé's brands have annual sales of over CHF1 billion (about US$1.1 billion), including Nespresso, Nescafé, Kit Kat, Smarties, Nesquik, Stouffer's, Vittel, and Maggi.
Nestlé has 447 factories, operates in 189 countries, and employs around 339,000. Nestlé was formed in 1905 by the merger of the Anglo-Swiss Milk Company, established in 1866 by brothers George and Charles Page, and Farine Lactée Henri Nestlé, founded in 1866 by Henri Nestlé.
Source: Online/SZK
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