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Nine News: Ingrid Miley, Industry & Employment Correspondent, reports that drinks group Diageo Ireland, which owns Guinness, has announced plans to cut 107 jobs
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News At One: Ingrid Miley, Industry & Employment Correspondent, reports that the 107 jobs represent 5% of the drinks company's Irish workforce
In a statement, the company said the move was part of a restructuring programme aimed at cutting costs in the context of the global economic downturn.
The plan, which will cut over 5% of the Irish workforce of 2000, will take effect over the next three months across a number of areas including support functions, sales and marketing.
Diageo Ireland says it hopes that as many of the redundancies as possible will be on a voluntary basis.
Diageo Ireland chairman Brian Duffy said the decision to cut jobs was extremely hard - but was necessary to maintain a sustainable and competitive business in Ireland.
He said the company appreciated the significant impact the decision would have on employees and their families.
