This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-21503225

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Danone to cut 900 jobs in Europe Danone to cut 900 jobs in Europe
(35 minutes later)
French food and drink company Danone has said it will cut 900 jobs after weakness in southern European economies hit sales.French food and drink company Danone has said it will cut 900 jobs after weakness in southern European economies hit sales.
The owner of Activia yogurt and Evian bottled water reported sales of 20.1bn euros ($26.8bn; £17.3bn) in 2012, up 5.4% from a year earlier.The owner of Activia yogurt and Evian bottled water reported sales of 20.1bn euros ($26.8bn; £17.3bn) in 2012, up 5.4% from a year earlier.
But sales in Europe fell 3% following a "severe deterioration" in consumer demand.But sales in Europe fell 3% following a "severe deterioration" in consumer demand.
As a result, Danone is has announced a cost cutting plan. As a result, Danone has announced a cost-cutting plan.
The firm plans to cut about 900 management and administrative positions across 26 European countries.The firm plans to cut about 900 management and administrative positions across 26 European countries.
"2013 will be a year of transition, with vigorous development in business in our growth markets and a drive to strengthen operations in Europe," said chairman and chief executive Franck Riboud in a statement."2013 will be a year of transition, with vigorous development in business in our growth markets and a drive to strengthen operations in Europe," said chairman and chief executive Franck Riboud in a statement.
The world's biggest maker of yogurts predicted its profit margins would fall again this year, with a negative trend for demand in Europe and prices of raw materials staying high.
Its sales growth in 2012 was at the lower end of its own expectations and behind the 5.9% achieved by its Swiss rival Nestle.
The company is heavily exposed to European economies, with about 38% of its sales coming from western Europe.
Sales at its Spanish dairy division were particularly weak.
The company announced in December that it was preparing a two-year cost-cutting programme to save about 200m euros.