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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  NestlÚ S.A.    NESN   CH0038863350

NESTL╔ S.A.

(NESN)
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Nestle S A : NestlÚ supports families with new parental leave policy

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12/04/2019 | 03:39am EST

Nestlé today announced the launch of a more inclusive and enhanced global parental support policy.

The new gender-neutral policy will apply to all employees worldwide. Under the new policy, parental leave for primary caregivers will be extended to 18 weeks of fully paid leave from 14 weeks previously. The policy establishes a minimum of four weeks for secondary caregivers, for whom there was no global minimum before.

Nestlé Mark Schneider said: 'Every family is unique, so we have designed a parental support policy that is flexible enough to work for us all. Supporting the healthy development of infants has been a core value of our company since our founding. Our new parental support policy is an important part of our efforts to provide children with the best start in life, by allowing parents to spend more time with their new child.'

The new policy sets new minimum standards but does not set limits. This means that in some places, Nestlé may choose to offer more leave than the 18 weeks for primary caregivers and the four weeks for secondary caregivers. The company will always provide longer parental leave if local laws require it.

In addition to the new arrangements, the parental support policy reinforces employment protection, non-discrimination, health protection, the availability of flexible working options, as well as breastfeeding support.

Nestlé Head of Group Human Resources Béatrice Guillaume-Grabisch said: 'We want to make Nestlé an even more inclusive and inspiring place to work. This is a policy that will benefit every one of our people when they welcome a new child to their family, wherever they are in the world,' she said.

Nestlé will begin implementing the policy in 2020, with the global rollout set to be completed by the end of 2022.

Media contact:

Christoph Meier Tel.: +41 21 924 2200

PDF press release:

Disclaimer

Nestlé SA published this content on 04 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 December 2019 08:37:53 UTC

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Financials (CHF)
Sales 2019 93 280 M
EBIT 2019 16 459 M
Net income 2019 12 483 M
Debt 2019 27 448 M
Yield 2019 2,50%
P/E ratio 2019 25,7x
P/E ratio 2020 24,4x
EV / Sales2019 3,65x
EV / Sales2020 3,69x
Capitalization 313 B
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Technical analysis trends NESTL╔ S.A.
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 111,84  CHF
Last Close Price 108,34  CHF
Spread / Highest target 12,6%
Spread / Average Target 3,23%
Spread / Lowest Target -16,0%
EPS Revisions
Managers
NameTitle
Ulf Mark Schneider Chief Executive Officer & Director
jeff hamilton President
Paul Bulcke Chairman
Magdi Batato Executive Vice President-Operations
Franšois-Xavier Michel Marie Roger Chief Financial Officer & Executive Vice President
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