Strike Imminent After Diageo Fails In Attempts At Pay Deal

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3,500 Diageo workers could walk out immediately after the companies negotiations with Scotland’s Unite and GMB unions have fallen short.

Last week Diageo offered the workers represented by the two unions an increase of 2.5% but it was quickly rejected. Yesterday, a meeting also broke down when an adjusted offer of 2.8% was also turned down.

Diageo, who owns 29 distilleries in Scotland as well as a share in Melbourne’s own Starward Distillery, saw a annual revenue of £12.163 billion ($21.78 billion AUD) in 2018. Operating profits for the six months to December 2018 had risen to £2.4bn, up 11% on the same period a year earlier.

Unite’s regional industrial officer, Bob McGregor has said in an email; “During these talks it soon became clear that no progress would be made because the company have attempted to repackage the pay offer making it appear more generous. The reality is that the latest offer is just as insulting as the previous one, and our members won’t be conned or denied what they deserve.”

How this strike may affect the stock levels of all popular brands is yet to be seen, but in the volumes that the distilleries are producing, one would think that the impact of any industrial action would be felt at some level.

Watch this space for more.

  • Comment Source courtesy of New York Times

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