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Danone gives plans to reduce costs as income slips
date:Feb 20, 2013
Groupe Danone S.A. gave details on its cost-reduction plans on Feb. 19, the same day the company reported a dip in fiscal-year net income. The company plans to eliminate about 900 management and administrative positions across 26 European countries. The company expects the overall cost-reduction plan to lead to 200 million ($267 million) in savings in Europe.

For the fiscal year, Paris-based Danone had net income of 1,787 million ($2,390 million), which compared with 1,855 million in the previo

12/24 22:00