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February 19, 2013
05:55 EDTDANOYDanone confirms plan to cut 900 jobs across 26 European countries
To address a lasting downturn in the European economy and consumer trends that have led to a significant decline in its sales in the region, Danone announced on December 13, 2012 that it was preparing a cost-reduction and adaptation plan for its organizations to win back its competitive edge. The project calls for three major changes: 1. A reduction by approximately half of management units, achieved by combining teams from several countries into multi-country units. 2. The combination within subsidiaries of several management functions that currently operate separately. 3. Focusing each level of management on missions and projects that have a direct impact on business growth. The proposed plan would lead to the suppression of around 900 management and administrative positions across 26 European countries and will be conducted in contact with all works councils representatives, at both European and local level. It will be deployed over a two-year period.
News For DANOY From The Last 14 Days
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July 26, 2015
20:33 EDTDANOYDanone CEO 'won't revisit' potential sale of medical nutrition unit, WSJ says
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July 24, 2015
05:38 EDTDANOYDanone confirms FY15 organic revenue guidance of up 4%-5%
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05:36 EDTDANOYDanone reports 1H15 EPS EUR 1.37 vs. EUR 1.16 last year
Reports 1H15 revenue EUR 11.39B vs. EUR 10.47B last year.

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