Slashing costs: Diageo teams face up to 30 percent reductions

United Kingdom | At first it was Diageo Ireland, which was rumoured to lose about 150 jobs. Now details about further and deeper restructuring efforts are emerging. Some Diageo teams are cutting around 20 percent to 30 percent of their staff, after CEO Dave Lewis ordered deep reductions in overheads to revive performance at the world's top drinks firm, Reuters reported on 22 July. Mr Lewis, nicknamed “Drastic Dave” for restructuring efforts earlier in his career, joined Diageo in January.

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