Nestlé has no intention of relocating its Nespresso capsule production outside Switzerland, despite US tariffs, Chief Executive Officer Philipp Navratil told CH Media in an interview on Wednesday. +Get the most important news from Switzerland in your inbox The food group, which has its headquarters in Vevey, Switzerland, is currently examining the possibility of the US government refunding customs duties, explained the 50-year-old CEO, who took up his post last autumn. For this reason, the relocation of Nespresso production is not being considered, he said. Commenting on US tariffs and trade barriers, he added: “We can have an opinion on the political aspects. Nestlé, on the other hand, is concentrating on how best to manage the situation. We are continuing to invest, despite the tariffs. We have a long-term vision and we are adapting to changes in the market.” Meanwhile, Nestlé is continuing its global cost-cutting programme. Between 2026 and the end of 2027, 16,000 jobs will be …