Danone cuts up to 2,000 jobs after Covid-19 hit
The company aims to fix its business model in post-Covid landscape as new products and bottled water sales plunge
23 November 2020 - 17:01
Danone will cut as many as 2,000 jobs, including one in four positions at its global headquarters, as the world’s largest yoghurt maker attempts to revive profitability after getting hit by the coronavirus pandemic harder than other rivals.
The company said on Monday it is considering moving global headquarters for its various businesses closer to the base of its French operations in Paris. Annual cost savings should reach €1bn by 2023 after the measures, also fuelled by more efficient purchasing. The job cuts represent about 2% of Danone’s total staff...
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