Switzerland: Nestle invests in new plants in Latin America
Swiss multinational FMCG company Nestle announced the plans to open new plants in Latin America.
According to Reuters, the multinational is working with government officials of the four countries that are members of the Pacific Alliance - Chile, Mexico, Peru and Colombia - to create 2,900 jobs for young people in three years and to teach workplace skills.
Laurent Freixe, VP of the Americas zone, said in an interview to Reuters: "Our vision of 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 in a moment of digital revolution".
Nestle has also invested R$20 million ($6 million) in the expansion of its Technology and Quality Centre in the state of Sao Paulo, in Brazil, which is expected to start operating in November.
Brazil is Nestle’s fourth largest global market and the firm has 31 factories in the country.