Tuesday, June 16, 2009

Diageo axes 100 jobs

The drinks company Diageo has announced plans to cut more than 100 jobs in Ireland as part of a global restructuring programme.

The company, which owns the Guinness brand, says the lay-offs are designed to reduce costs and improve efficiency. It says 12 positions will be cut in Northern Ireland and 95 at the company's St James' Gate headquarters in Dublin.

Diageo says it will enter into a consultation process with employees with a view to achieving the cuts through a voluntary redundancy programme over the next three months.