Guinness cutting back jobs

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Gary McDonald, the business editor at the Irish News, reports (subs neededs) a five per cent decline in the profits of Diageo, the company which produces Guinness. There are expected to be a series of job losses in Dublin and Belfast.

.. the company�s trading statement coincided with speculation that Guinness plans to virtually halve its brewing and kegging divisions in Dublin and Belfast through a voluntary severance scheme. Around 130 jobs are expected to be lost in the 270-strong department, though the bulk of them will be in Dublin. A formal announcement is expected tomorrow.

Guinness employs 1,200 staff at its St James�s Gate brewery in Dublin (down from a peak of 4,000 in the mid-1970s) while another 800 people are on the payroll at the Guinness UDV holding company operations at Boucher Road and Marshalls Road in Belfast.

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