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Finally, the social plan financially compensated any employees wishing to start their own business by providing one year’s salary and 25% of the initial start-up capital for the new business. By helping entrepreneurs, Danone was able to help some of its employees as well as the local community (Lozano & Folguera, p 28-29)...
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Danone, with the town council, created Foundation dedicated to helping citizens find work. Danone donated the land and buildings to the Foundation at no charge (tax write-off for stockholders) as well as a significant amount of money. In the end, Danone’s actions helped create more jobs than what was lost by the plant’s closure (Lozano & Folguera, p 30)...
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Shutdown At Eastland
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