DANONE : DANONE :Danone presents the organizational part of its plan for savings and adaptation in Europe

   DANONE : DANONE :Danone presents the organizational part of its plan for
                       savings and adaptation in Europe

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                   Danone presents the organizational part
              of its plan for savings and adaptation in Europe  

                              February 19, 2013

To address a lasting downturn in the European economy and consumer trends that
have led to a significant decline in its sales in the region, Danone announced
on December 13,  2012 that it  was preparing a  cost-reduction and  adaptation 
plan for its organizations to win back its competitive edge.

In keeping with that announcement and following a period of in-depth analysis,
information on the plan  is being presented today  to Danone's European  Works 
Council.

The project calls for three major changes:

1.    A reduction  by  approximately half  of  management units,  achieved  by 
combining teams from several countries  into multi-country units. Danone  will 
continue to  do  business in  the  same number  of  countries and  maintain  a 
division-based structure  to  make  best  use of  features  specific  to  each 
business line.

2.   The combination within subsidiaries of several management functions  that 
currently operate separately.

3.   Focusing each level of management (corporate, division, region, etc.)  on 
missions and projects that have a direct impact on business growth. This  will 
also involve simplifying key management processes.

As  proposed,   this   model   will  boost   responsiveness   and   speed   up 
decision-making. It will also generate  savings on general and  administrative 
costs that will contribute to the  cost-reduction plan announced by Danone  on 
December 13, 2012, enabling Danone to win back its competitive edge in Europe.

The proposed plan would lead to  the suppression of around 900 management  and 
administrative positions across 26 European countries and will be conducted in
contact with all works  councils representatives, at  both European and  local 
level.

The project will emphasize internal mobility and voluntary departures  through 
a dedicated platform favoring internal mobility, support for personal projects
and individualized assistance for  employees leaving the  company. It will  be 
deployed over a two-year period.

Danone presents the organizational part

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Source: DANONE via Thomson Reuters ONE
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