Danone to cut up to 2,000 jobs, aiming to save $1.2 billion: Report

Topics Danone | job cuts

French food group Danone plans to cut up to 2,000 jobs, trim product ranges and reorganise its global business to become leaner and more agile in a post-Covid environment. The world's largest yoghurt company on Monday said these actions would help it save 1 billion euros a year by 2023 and meet a new mid-term margin target.

"We have never, ever been so ambitious at Danone," CEO Emmanuel Faber said. Still, Danone sounded a cautious tone on 2021, forecasting a flat margin and saying the first half would be hurt by.

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