Danone sells far fewer bottled water and fires up to 2,000...

Due to the corona crisis, Danone sells far fewer bottles of spring water to the catering industry and therefore wants to save costs. The French food manufacturer is firing up to 2,000 employees to boost profitability, the company reports in a press release on Monday.

The maker of dairy and yogurt products, baby food and Evian mineral water, among other things, will cut 400 to 500 jobs in France. The rest of the jobs will be lost elsewhere. About a quarter of the jobs will disappear at the head office in Paris.

Worldwide, Danone employs approximately 100,000 employees. It is unclear whether jobs will also be lost in the Netherlands.

Annual costs should be reduced by 1 billion euros by 2023 with a reduction in administrative expenditure and cheaper procurement. The group expects the measures to cost approximately 1.4 billion euros. In addition, the organizational structure of the company will be set up differently. There will be a much greater focus on geographic areas.

Between January and September, Danone had a turnover of almost 18 billion euros, almost 5.4 percent less than in the same period a year earlier.

These were the details of the news Danone sells far fewer bottled water and fires up to 2,000... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at news1.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV WTO’s Ministerial Conference in Abu Dhabi to address decentralization of global supply chains
NEXT US Fed holds key rate steady for fourth straight meeting