date:Feb 20, 2013
operating income, said Franck Riboud, chairman of Groupe Danone. Clearly this situation is not sustainable, and we will overcome it. In December we set a 200 million target for savings and announced that we intended to launch a plan to adapt our organization.
Today we are initiating discussions with our (European) Works Council over the plans main measures, which are designed to win back our competitive edge and achieve greater efficiency in Europe.
The cost-reduction plan in Europe includes c