FRANCE: Danone to cut 900 jobs in Europe
In Europe, sales were down 3%
Danone today (19 February) revealed it plans to cut 900 jobs from its operations in Europe in a bid to revitalise its business in a region where sales fell in 2012.
The Activia firm said in December it wanted to reduce its costs in Europe by EUR200m over two years and this morning outlined the impact on jobs.
Under the proposals, which will be discussed with staff officials today, some 900 posts across 26 countries will go. Danone plans to cut its "management units" by around half and combine teams from several countries into "multi-country units".
Its plans also include a move for executives to focus on "missions and projects that have a direct impact on business growth".
Danone, which said it would continue to do business in the same number of countries in Europe, wants to "win back its competitive edge" in the region.
The company's 2012 financial results, also reported today, revealed Danone's like-for-like sales volumes fell 2.4% in Europe last year. Its trading operating margin in the region dropped by 160 basis points.
- Nestle catering for an ageing global population
- What post-Brexit trade with the EU could look like
- Unilever is "working harder" in tough environment
- What next for Nestle under new CEO Schneider?
- What delay means for UK child obesity strategy
- Kerry Foods sets its sights on C-sector
- Kar's gets Non-GMO verification for Second Nature
- Tesco drops John West products over sustainability
- Greencore pays GBP15m for Cranswick sandwich unit
- Job cuts imminent as General Mills restructures