Nestlé Cuts Bonuses for Laggards With Boost for Top Performers

Nestlé SA has revamped its bonus plan with the payout cap lifted for top performers and underachievers likely to receive significantly reduced payments or none at all this fiscal year.

The Swiss food group, which is in the midst of overhauling its culture to focus on performance, is introducing six rankings for its 271,000 employees to determine payouts, compared with three levels previously.