Skip to content
Subscriber Only

Danone to Cut Up to 2,000 Jobs, Aiming to Save $1.2 Billion

  • Yogurt maker says it may eliminate one fourth of HQ positions
  • CEO targets record profit margin sometime after 2022
Bloomberg business news
Danone Chief Executive Officer Emmanuel Faber discusses job cuts at the world’s largest yogurt maker.Daybreak: Europe." (Source: Bloomberg)
Updated on

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Danone will cut as many as 2,000 jobs, including one in four positions at its global headquarters, as the world’s largest yogurt maker attempts to revive profitability after getting hit by the coronavirus pandemic harder than other rivals.