FRANCE: Danone feels backlash as regional government freezes funding of research centre
The construction of Groupe Danone's global food research centre in Palaiseau, near Paris, has been halted as the food giant feels the backlash of its decision to restructure its biscuit operations. Danone said it has halted construction of the centre after the Ile-de-France regional government decided it would delay release of a Ffr4m subsidy to fund to the project. This move is a direct result of Danone's plan to cut 400 jobs by closing its LU biscuit factory at Ris-Orangis in the region.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- US food next wave on display at Winter Fancy Food
- Does Kraft Heinz want to swallow Unilever whole?
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- Focus: Nestle CEO plan to balance sales, earnings
- Unilever launches operational review
- Kraft Heinz pulls Unilever bid
- Kerry operating earnings strengthen on slow sales
- Glanbia focuses on nutrition with Irish dairy spin
- General Mills issues profit warning