Diageo cut nearly 2K jobs during restructuring
The Guinness owner said its headcount has declined by more than 6% as it prepares a $1 billion savings plan.
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Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Diageo sheds nearly 2,000 jobs as Dave Lewis pushes ahead with turnaround
Diageo has shed almost 2,000 employees over the past year as new chief executive Sir Dave Lewis pushes ahead with a sweeping cost-cutting programme at the Guinness and Johnnie…
Guinness Maker Sheds Nearly 2,000 Jobs As New CEO Leads Overhaul
Diageo's total headcount fell more than 6% year-on-year by the end of June, its annual report showed as the company commences restructuring.
Diageo names R. Alexandra Keith as new board member
Diageo, which counts Baileys, Guinness and Gordon’s amongst its portfolio, has named R. Alexandra Keith as a non-executive director. The appointment will be effective from 5…
Diageo Agrees To Reformulate India Whisky, Rum Drinks After Flavouring Breach, Sources Say
Diageo has agreed to reformulate some of its most popular whisky and rum drinks in India, two government sources told Reuters
Guinness owner Diageo targets $1B in cost savings
The three-year turnaround plan, which includes job cuts, will boost investments in Guinness and successful RTDs.
Diageo targets $1 billion savings after FY sales decline
The Smirnoff and Johnnie Walker owner reported a net sales decline of 2% for the year ending 30 June 2026 before unveiling $1.2 billion restructuring plan The post Diageo targets…
Struggling Diageo to cut costs by more than a billion
Beverage manufacturer Diageo, owner of Johnnie Walker, Smirnoff, and Baileys, plans to make significant cost cuts following a decline in revenue, while simultaneously investing in…
Lewis bets on Guinness and RTDs in Diageo recovery strategy
Sir Dave Lewis is going deep with cost cutting at Diageo, but he is also intent on restructuring the business to unlock greater value from its portfolio, writes Ron Emler. The…
Diageo looks to Guinness and premixed cocktails for turnaround
Diageo has unveiled plans to double Guinness production as part of a major turnaround programme, that will also see the drinks giant reduce roles across its global workforce. The…
Diageo targets US$1bn in savings as Dave Lewis unveils turnaround plan
Diageo has launched a three-year programme to improve efficiency and restore growth under new chief executive Sir Dave Lewis. The drinks group will target an additional US$1…
Spirits Maker Diageo Launches $1bn Cost-Cutting Plan To Arrest Subdued Growth
Diageo targets $1bn in savings over three years as it forecasts low-single-digit sales growth through 2029.