date:Dec 18, 2012
the company has not yet disclosed the number of cuts it intends to make.
Danone noted that the cost cutting plan in combination with the ongoing productivity initiatives would enable it to better use its resources to make the company's brands and products more competitive.
The company plans to discuss the new cost-cutting plan with the trade unions in March 2013.
Danone has been affected by the decline in consumption in Europe, where the company generates 42% of its sales.
It reported a 1.5%