Diageo to cut staff and close office

27 March, 2009

Diageo has announced plans for redundancies and closure of its central London office.

The firm is consulting with employees on plans to move its global headquarters in Henrietta Place, just off Oxford Street, to its existing office in Park Royal, west London.

"We cannot comment on what the specific numbers of employees affected will be. Our plans involve a complex combination of factors to achieve the cost savings we have targeted, which will vary market by market," a spokeswoman said.

The major restructuring plan will begin on July 1, and is designed to save £100 million in the 2010 financial year.

"The savings will come from costs of goods sold and overheads - which include running costs, facilities and employees - and contributions to these savings will come from most parts of the business around the world.

" We will observe all our obligations in respect of consultation which may apply in a given jurisdiction."

The Henrietta Place offices will close by the end of 2009, she added.

Bookmark this

Site Search


Hofmeister may need more than the bear essentials to succeed

So, George The Bear is back. Itís hard for some of us oldies to fathom, but there are those under, say, 40 who canít actually remember Hofmeister and feel the cultural jolt supplied by the return of both the bear and the beer whose marketing campaigns it used to front.

Click for more »
Upcoming events


Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know