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It seems like a very French thing to make the 'conquered' (or in this case, employed) part of oneself.

Antithetical to any other way of merely being the administrative authority over the employed.

Schneider Electric (again a French company) is doing this as well... is there a need for such cap raise? It seems like they're unloading risk onto their employees, from a cynical perspective.

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I see this also as a move to avoid a confrontational relationship between employees and management, which happens so easily in France—especially with highly political unions.

In the US, I would say an analogy is Delta Airlines which has been running a more inclusive style of management so as to avoid unionization of their workforce.

But in Danone's case, it also goes along pretty well with their business goals and can be a good differentiator if they play their cards well.

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