Nestlé recognized as the world's most attractive to work for by Universum
Once again, Nestlé was recognized as one of the World's Most Attractive Employers in the annual survey conducted by global renowned employer branding company Universum. Nestlé was the highest ranked food and beverage company in the top 25 for business and engineering students, and among the top 50 companies for IT.
Nestlé is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland which is well known for its coffee products all around the world.
Nestlé's products also include baby food (some including human milk oligosaccharides), 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 about US $1.1 billion, including Nespresso, Nescafé, Kit Kat, Smarties, Nesquik, Stouffer's, Vittel, and Maggi. The company has 447 factories, operates in 189 countries, and employs around 339,000 people.
"To be one of the top companies that young graduates aspire to work for fills us with pride. A heartfelt thank you to the students who voted for us and to our people who work with passion and commitment every day to make Nestlé a place where you can #BeAForceForGood," said Béatrice Guillaume-Grabisch, Executive Vice President, Global Head of Human Resources and Business Services.
Through the Universum rankings, more than 175 000 business, engineering, and IT students rated the employers they perceived to be the most attractive to work for, when making future career decisions. The key considerations for 2023 included flexibility, compensation, and diversity.
Nestlé was formed in 1905 by the merger of the "Anglo-Swiss Milk Company", which was established in 1866 by brothers George and Charles Page, and "Farine Lactée Henri Nestlé" founded in 1867 by Henri Nestlé. The company grew significantly during the World War I and again following World War II, expanding its offerings beyond its early condensed milk and infant formula products. The company has made a number of corporate acquisitions including Crosse & Blackwell in 1960, Findus in 1963, Libby's in 1971, Rowntree Mackintosh in 1988, Klim in 1998, and Gerber in 2007.
In September 2017, Nestlé S.A. acquired a majority stake of Blue Bottle Coffee. While the deal's financial details were not disclosed, the Financial Times reported "Nestlé is understood to be paying up to $500m for the 68 per cent stake in Blue Bottle".
The company has also launched the Nescafé Plan, an initiative to increase sustainable coffee production and make sustainable coffee farming more accessible to farmers. The plan aims to increase the company's supply of coffee beans without clearing rainforests, as well as using less water and fewer agrochemicals. According to Nestlé, Nescafé is engaged in investing about $336 million over the next ten years to expand the company's agricultural research and training capacity to help benefit many of the 25 million people who make their living growing and trading coffee.