Diageo employees across Scotland are now being asked to fund even more executive and shareholder greed with the loss of their jobs in communities where few alternatives are on offer. To learn more, and to support their union's fight back, click here. You can send an e-mail to Diageo & vote in an on-line poll. It takes less time than downing a wee dram. I know ~ I did it, even though I'm not a whiskey drinker ... well, not very often.
Thursday, 30 July 2009
Drinks employees face sack to fund executive greed
Transnational drinks company Diageo, whose brands include Smirnoff, Johnnie Walker, Captain Morgan, Baileys, J&B, José Cuervo, Tanqueray, Guinness, Crown Royal, Beaulieu Vineyard and Sterling Vineyards wines, and Bushmills Irish whiskey, have announced the destruction of 900 jobs across Scotland. Diageo is hugely profitable, with rising sales and margins by all its leading brands. Last year, Chief Executive Officer Paul Walsh was paid $5 million. The company has recently been spending close to a $1000 million dollars buying back its own shares.