Nestle ramps up cost-cutting by another £2.2bn in overhaul Retail KitKat maker Nestle has revealed plans to slash costs by at least another 2.5bn Swiss francs (£2.2bn) and spin off its premium water and drink business as part of a turnaround being led by its new boss. Recently-appointed chief executive Laurent Freixe said the Swiss group will make the mammoth savings by the end of [...]