date:Dec 18, 2012
drop in European sales for the third quarter of 2012, compared with the previous year, with dairy sales in Spain and Italy falling by more than 10%.
Of the company's total workforce of 100,000, it employs 27,000 in Europe, with 9,000 in managerial roles.
Danone is under pressure to boost performance after US investment firm Trian Fund Management acquired a 1% stake in the company last month.
Activist investor Nelson Peltz, who heads Trian Fund Management, noted that Danone shares were underva