Nestle plans to boost hiring in the US, price hikes possible | Fox Business

Steve Presley, Nestle USA CEO, said on FOX Business’ “Mornings with Maria” that job creation will include positions at the new headquarters in Arlington County as well as production facilities in the commonwealth.

“We’ll have almost 2,000 employees in the state of Virginia between our corporate headquarters and our two factories,” he said. “There will be new jobs, absolutely, we continue to grow our business in the U.S.

The job creation could come with price hikes in the U.S., he said.

“The reality is the industry hasn’t had inflation for the last five years. It’s been relatively stable. So some form of pricing will return to the market. It’s good for us and it’s good for our customers, and the healthy economy makes that possible.”

Nestle USA announced in February 2017 it would move its headquarters to Virginia from Glendale, California, bringing it close to the majority of its factories and top customers, both of which are located in the eastern half of the United States.

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Nestle plans to boost hiring in the US, price hikes possible | Fox Business.