Accelerate profitability at all costs, despite the health crisis in Covid-19 : this is the choice that Danone seems to have made. The agri-food group has announced the elimination of 2,000 jobs worldwide.
Giant of the CAC 40, multinational food company, Danone nevertheless plans 1,500 to 2,000 job cuts, including 400 to 500 in France, in company headquarters. Surprise and anger among some unions: in 2019, Danone posted a profit of 1.9 billion euros.“If companies like us, which have excellent results, are not able to maintain employment, imagine what it will be like in the country in the coming months”, regrets Denis Enfert, CGT Danone delegate.
A reorganization at the origin of deletions
Behind these job cuts, a vast administrative reorganization. The management assumes: because of the crisis Covid-19, and the fall in the sale of water, the profits are down.“A business cannot live without profits. Without that, we are unable to reinvest for the future ”, explains Emmanuel Faber, CEO of Danone. The company nevertheless relied on a virtuous image, the first company with a CAC 40 mission, that is to say, with stated social and societal objectives. Like others, it takes the course of action into account.