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.
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