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United Spirits tight-lipped over job loss reports
Diageo’s Indian drinks arm United Spirits has revealed it is undertaking an organisational review of its business, but refused to confirm whether job cuts will be involved.
Royal Challenge producer United Spirits has declined to confirm its reported plans to cut 300 jobs
The group, producer of the McDowell’s No.1 and Royal Challenge Indian whisky brands, said the new structure will aim to simplify its business and boost performance, disclosing no concrete details.
Business Standard reports that USL CEO Anand Kripalu has revealed plans to employees to scrap up to 300 jobs as part of the process, but USL has not confirmed this to The Spirits Business.
A spokesperson for the group said: “United Spirits has undertaken an organisational review to ensure that we align our resources behind our performance ambition.
“We are making changes to our structure and the way we work which will simplify our business in pursuit of becoming the best performing, most trusted and respected consumer goods company in the world.
“Wherever possible, resources and decision-making will be closer to customers and consumers enhancing our responsiveness and agility.
“Any savings that occur from these changes will be re-invested in growth opportunities for our business and brands.”
Earlier this year, Vijay Mallya resigned as chairman and non-executive director of United Spirits after Diageo agreed to pay him US$75 million in severance.
The company’s board of directors had returned a vote of ‘no confidence’ in the tycoon due to alleged financial improprieties at USL, the fallout from which is still on-going.