May 31, 2017

1 Min Read
Report: Nestle to Build Plants, Create 2900 Jobs in LATAM
Nestlé Headquarters in Vevey, Switzerland. Image courtesy of Nestle SA

Nestle plans to boost its presence in Latin America with an investment in new manufacturing facilities and the creation of 2900 jobs in the region, a Nestle official told news wire service Reuters on Tuesday.

Nestle’s head of Americas, Laurent Freixe, said in an interview with the news wire service that despite economic headwinds in the region, opportunities for growth exist in segments like pet care products and coffee as the number of middle class consumers increases. Plans are currently afoot for a manufacturing facility in Cuba and another in Chile, and the Swiss company is considering new factories elsewhere in Latin America.

“We have investments in many places. We are finalizing investments in pet food and infant nutrition in Mexico. We are discussing new sites (through the region),” Freixe told Reuters.

“We’re not proposing the jobs just to do good for society. Our business is developing and we have real needs.”

Along with the planned expansion of Nestle’s manufacturing capabilities in the region, the company is working with officials in Chile, Mexico, Peru, and Columbia on a three-year effort fill 2900 jobs with young workers and provide job-hunting training.

“Our view on corporate responsibility is that to make it sustainable we have to do it in a way that is embedded in our business model. Integrating young people can help us shape our company at a time of digital revolution,” Freixe said in an interview with Reuters.

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