Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
On 19 February 2013, Danone announced plans to cut 900 positions across its European operations by 2015. With the French food industry group increasingly generating its profits outside Europe, these job reduction measures are set out to streamline its European operations.
The redundancies will be carried out across the company’s management and administration staff in 26 European countries. In the framework of previously announced cost-cutting measures, the Paris-based company plans to reduce its managerial staff by half through merging single country units into multi-country units. The remainder of the job cuts will be reached through both voluntary redundancies and relocation within the company. The job cuts represent around 10 percent of Danone’s managerial staff in Europe.
Eurofound (2013), Danone, Internal restructuring in European Union, factsheet number 74935, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74935.
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