Danone to Cut Up to 2,000 Jobs In Reorganisation

French food company Danone will cut up 2,000 jobs, or 2 per cent of its global workforce, as part of a reorganisation aimed at giving more power to country managers and squeezing out efficiencies to cope with the pandemic, The Irish Times reported. The company employs about 350 people in the Republic. It said it does not yet know whether any Irish jobs will be affected. The maker of Evian bottled water and Activia yoghurts said the changes would save €1 billion by 2023, and promised that its recurring operating margin would return to pre-Covid levels of above 15 per cent by 2022. The announcement comes one month after chief executive Emmanuel Faber announced an overhaul of the group’s management, as well as plans to sell underperforming businesses and cut its product portfolio. Read more