When Le Monde exclaimed in a front-page headline: 'Danone prepares to shed 3,000 jobs in Europe, including 1,700 in France', on January 10, 2001, Danone -- France's national 'champion' and one of Europe's biggest food and beverage firms -- faced a major crisis.
Mark Hunter, INSEAD Adjunct Professor, says "suddenly Danone, the most respected company in France, found themselves facing not only a social (or labour) crisis but also a societal crisis, unlike any other. Read more..
|