The world largest food and beverage company is one of very few international companies to announce new investments in Ukraine since Russia invaded the country in February.
A senior Nestlé manager described it as an important move in a challenging situation for Ukraine.
“We aim to create a food and culinary hub, ensuring incremental jobs and serving the needs of Ukrainians and all European citizens with high quality products,” said Alessandro Zanelli, Nestlé CEO for the south eastern European markets.
Russia’s invasion has wrecked Ukraine’s economy, which is projected to shrink by 35% this year, according to estimates by the International Monetary Fund.
In recent weeks power blackouts have spread throughout the country as Russia intensified attacks on Ukrainian power facilities.
Nestle, which already has about 5,800 staff in Ukraine, is planning to add 1,500 new jobs at the new production facility in Smolyhiv in the Volyn region.
Popular Stories
More
Banking & Fintech
UBS releases ‘hundreds’ of staff in fresh wave of job cuts
Should Switzerland take measures to support its struggling industries?
Industrial policies are back in fashion, not only in the United States but also in the EU. Should Switzerland, where various industries are struggling, draw inspiration from such policies?
As a Swiss Abroad, how do you feel about the emergence of more conservative family policies in some US states?
In recent years several US states have adopted more conservative policies on family issues, abortion and education. As a Swiss citizen living there, how do you view this development?
International hot air balloon festival draws thousands despite bad weather
This content was published on
Despite a few rainy days and the cancellation of the anniversary celebrations, the 45th International Balloon Festival wrapped up under glorious sunshine.
Swiss company supplies Serbia with surveillance technology
This content was published on
A Swiss company has supplied the Serbian government with a geolocation and eavesdropping system, the SonntagsBlick reported on Sunday.
This content was published on
A committee of Switzerland’s House of Representatives has found the people’s initiative to limit fireworks too extreme, but has suggested a counter-proposal.
UN investigators report evidence of crimes in Syria and call for national dialogue
This content was published on
UN investigators in Geneva report ample evidence of crimes in Syria and urge the regime to follow through on its promise of a national dialogue.
Swiss Trade Union warns EU deal could threaten wages
This content was published on
The Swiss Trade Union Federation warns that the new bilateral agreement between Switzerland and the EU could threaten wage protection and public services.
Credit Suisse fines from Mozambique scandal to fund victims’ compensation
This content was published on
The fines imposed on Credit Suisse for the Mozambique scandal will be allocated to a fund for the victims, amounting to $105.5 million.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Ukrainian officials shame Nestlé over Russia presence
This content was published on
Ukraine's top government officials have accused the Swiss multinational of being complicit in Russia’s "war crimes" in their country.
This content was published on
Swiss food manufacturing company Nestlé will buy the Starbucks subsidiary ‘Seattle’s Best Coffee’ amid flagging sales of its other coffee brands.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.