Dive Summary:
- Danone, in efforts to combat fairly serious sales slumps across much of its product line, has implemented austere and drastic restructuring.
- The company hopes to combine many of its branches and management positions, laying off 900 people in 27 countries in the process.
- These changes are not meant to downsize, the company said, but rather to reinvigorate the company and allow for future growth.
From the article:
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.