The food corporation was said to have not optimized its profits for the year 2022, which is what initially sparked the changes.
“Last year brought many challenges and tough choices for families, communities and businesses,” said Mark Schneider, CEO of Nestlé.
Montrealers can expect this to affect some of their favourite foods, as Nestlé is behind the brands KitKat, Nescafé, Aero, Cheerios, Häagen-Dazs, and more.
The company had already increased its prices in 2021 by 8.2% due to inflation, but this wasn’t enough for the company.
This isn’t the first time Nestlé announces big changes this month. Earlier in February, the food supplier announced it would stop selling frozen pizzas and meals across Canada.
Stay tuned for changes!
