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Diageo invests in the future, but cuts jobs in Ireland
Beverage company Diageo has invested $7m with technology company Computer Sciences Corporation (CSC), commissioning it to create a new, worldwide supply chain management system.
A further $28m will be spent in renewing the terms of its IT outsourcing contract with CSC, a deal that began in 1995. The renewal contract will extend another five years.
In other news, Diageo has acquired cocktail mixer company Stirrings, increasing its initial 20% stake in the company to 100%.
As a result of the acquisition, the marketing of the Stirrings brands will be integrated into Diageo and the Stirrings brands will join all Diageo brands in its distributor houses across the country.
Unfortunately, Diageo is making redundancies in other areas of its business, with 107 jobs lost in Ireland as part of its £100m cost-reduction plan.
“Today’s announcement to reduce employment was extremely hard to make and follows months of careful analysis and consideration,” said Diageo Ireland chairman, Brian Duffy. “The decisions taken today are the necessary steps to maintain a sustainable, competitive business in Ireland.”
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