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Danone gives plans to reduce costs as income slips
date:Feb 20, 2013
ombining teams from several countries into multi-country units, which will reduce about half of the management units. Subsidiaries of several management functions that currently operate separately will be combined. The plan is designed to boost responsiveness and speed up decision-making, according to Danone.

Danones operations outside Europe now generate 60% of the companys total sales, Mr. Riboud said. Those geographical areas reported profitable growth averaging over 10% in 2012, he said.

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12/25 01:37