Diageo cuts 200 jobs in bid to save £200m

10th June, 2014 by Lauren Eads

Diageo is to axe 200 jobs at its London head office along with some regional posts as part of a bid to cut costs and save £200m by 2017.

Ivan MenezesThe Telegraph reported this morning that the world’s biggest drinks company was poised to first cut roles within its marketing department, based in its London head office, as well as a number of regional roles. Following difficulties in emerging markets, Diageo CEO Ivan Menezes outlined in January his plan to save Diageo £200 million by June 2017 by “de-layering” its business. In a statement released this morning, a Diageo spokesman said: “We announced back in January a review of the organisation to support our evolving global footprint. “We’ve put in place a structure whereby resource and decision-making is deployed at a local level wherever possible, closer to customers and consumers and enhancing our responsiveness and agility.” The company, which is headquartered in London, is best known for Johnnie Walker and Guinness brands and employs 36,000 people around the world. However the company saw its profits slide in 2014, announcing in April a drop in sales within the Asia pacific region of 19%. It is not yet known how job losses will be weighted between its head office and regional roles.

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Job vacancies

UK Brand Ambassador - That Boutique-y Gin Company

That Boutique-y Gin Company
Tunbridge Wells, Kent, UK

Senior National Account Manager – Grocery (Craft Spirits)

Maverick Drinks
Tunbridge Wells, Kent, UK

Senior National Account Manager – Wholesale RTM (Craft Spirits)

Maverick Drinks
Tunbridge Wells, Kent, UK

Digital Marketing Manager

Master of Malt
Tunbridge Wells, Kent, UK

Experienced On Trade Sales Person

Borough Wine Imports
London, GB

3 x Business Development Executive

The Lakes Distillery Company Limited
Newcastle head office and nationwide, UK

Editor

Master of Malt Ltd
Tunbridge Wells(Kent)

Sales Account Manager - On-Trade

Berkmann Wine Cellars
Liverpool

Brand Manager

Hallgarten Druitt
Luton, UK

Experienced On-Trade Salespeople Required

Portal Wines and Spirits
London, UK

Purchasing and Sales (Wine Trader)

JF Tobias
London, UK

Sales Account Manager - On-Trade

Berkmann Wine Cellars
Cambridge / Peterborough / Bedfordshire, UK

The Global Merlot Masters 2017

Deadline : 17th April 2017

db Awards 2017

Deadline : 28th April 2017

The Global Organic Masters 2017

Deadline : 14th April 2017

The Global Sparkling Masters 2017

Deadline : 12th May 2017

Click to view more

Global Chardonnay Masters 2016

Now in its fourth year, the competition will identify the best Chardonnay from all around the world in every price range.

Rioja Masters 2016

Now in its fifth year, the competition will recognise and reward the finest Riojas on the world stage.

Fortified Masters 2016

Now in its third year, The Fortified Masters will reward the best fortified wines on offer.

The Global Malbec Masters 2016

the drinks business is proud to announce the inaugural Global Malbec Masters 2016.

Click to view more