EMCC European Monitoring Centre on Change

Diageo

Company/Organisation:
Diageo

Geographic Location

Country: World
Location of affected unit(s): Europe and United States

Company

Sector: Manufacturing
Manufacture of food products, beverages and tobacco products
11.01 - Distilling, rectifying and blending of spirits
Group: Diageo

Employment Effects

Announcement Date: 22-06-2002
Planned Job Reductions min: 1800
Planned Job Reductions max: 2500
Type of Restructuring: Merger/Acquisition
Foreseen End Date: 01-12-2005

Additional Information

Diageo, active in the manufacture of distilled potable alcoholic beverages such as Smirnoff, Johnnie Walker, Captain Morgan, etc. announced a world-wide restructuring plan due to its acquisition of Seagram. 1,600 jobs are affected. In September 2003, the company announced restructuring could affect until 2,500 jobs world-wide by the end of 2005. To date, 1,800 workers have yet left the group.