Danone Plans Global Job Cuts: Moroccan Subsidiary’s Fate Uncertain

Danone wants to eliminate up to 2,000 positions. "In France, it will be 400 to 500 people, mainly directors, managers," who will be affected by these job cuts, Danone CEO Emmanuel Faber told AFP. "All the common team structures that are above the countries," such as "our headquarters in Amsterdam, Singapore, Paris" are affected by these workforce reductions. The positions of Moroccans working at Centrale Danone, the multinational’s subsidiary based in Casablanca, could also be eliminated.

These job cuts are part of the implementation of a one billion euro savings plan called "Local First" presented on Monday, November 23, to shareholders. "This plan aims to put Danone back on the path of profitable growth that it has always known," said Mr. Faber. The goal is to "reconnect to our growth objective as quickly as possible, which is 3 to 5% of annual profitable growth - that is, by improving our margin," he explained.