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Diageo Interim Results

Thursday, January 28, 2021

Responding to Diageo’s 2021 Interim Results released this morning (Thursday 28 January), which showed eye-watering operating profits of £2.2 billion with a 2 per cent share dividend increase for the period ending 31st December 2020, GMB Scotland Organiser Keir Greenaway said:

“Even in the grip of a global pandemic Diageo can return a remarkably strong set of results, which should be more than able to sustain the jobs and conditions of its workers now and in future.

“The results also show that Scotland remains central to the Diageo success story, a large slice of the profit is driven by the products distilled, matured and bottled across the country.

“But the shareholder dividend increase will not be lost on our members, particularly in Scotland’s rural distillery communities who are being impacted by redundancies.

“Against the backdrop of a fifteen-month tariff war on single malts with the US, this signals that it’s workers who will be first to pay the price for uncertainty in the whisky and spirits sector.

“GMB is clear that moving forward, the priority should be investment in the workers and infrastructure that help generate these results, and not the pockets of shareholders.”


Contact:  GMB Scotland Communications on 07976447077.