Global drinks group, Diageo has shed about 200 head office and regional jobs at its international drinks business, in order to cut annual costs by £200m from 2017.
A Diageo spokesperson said, 'We announced back in January a review of the organisation to support our evolving global footprint. We've put in place a structure whereby resource and decision-making is deployed at a local level wherever possible, closer to customers and consumers and enhancing our responsiveness and agility.
'Savings identified will be put back into the growth of our brands and markets, as well as fund future efficiency programmes.'
The company reported a 1.3% decline in third-quarter sales in April as volatility in emerging markets continued.
Diageo, which is headquartered in London and is best known for brands such as Johnnie Walker and Guinness, employs 36,000 people around the world.