Danone cuts 900 jobs
20 February 2012
The French food company has announced that it is cutting 900 jobs following a decline in sales.
Danone, which owns brands such as Volvic and Actimel, reported sales of 20.1 billion euros (£17.3bn) in 2012, up 5.4% from a year earlier. Danone’s operations outside of Europe generate 60% of the organisation’s total sales.
But due to a severe decline in consumer demand, Danone saw a 3% decline in European revenues.
As a result, Danone plans to cut 900 management and administrative positions across 26 European countries.
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