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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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.
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.
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 teams face cuts of up to 30% in major cost overhaul
Diageo is cutting up to 30 per cent of roles across some teams as new chief executive Sir Dave ‘Drastic Dave’ Lewis launches a sweeping restructuring of the Guinness and…
Moth secures £11m funding to invest in expansion
Ready-to-drink (RTD) brand Moth has secured £11m in funding, backed by Puma Growth Partners, Beringea and Guinness Ventures, to accelerate its expansion. The brand will invest the…