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Diageo Workers Reject Below Inflation Pay Offer Ahead Of AGM

Wednesday, September 19, 2018

Diageo Workers Reject Below Inflation Pay Offer Ahead Of AGM

Ahead of Diageo’s Annual General Meeting (AGM) tomorrow, GMB Scotland members across drink manufacturing giant’s Scottish operations have comprehensively rejected a below inflation pay offer.

Following a consultative ballot, 81 per cent of GMB members voted against their employer’s offer of a 3 per cent pay increase, as the Retail Price Index (RPI) rose to 3.5 per cent in August.

News of the pay offer rejection, which GMB branded as shameful after Diageo posted operating profits of £3.7 billion, coincides with the company’s AGM where shareholders will vote on whether to award Chief Executive Ivan Menezes a 266 per cent increase to his overall pay and conditions.

GMB is now calling on Diageo to bring forward a fresh offer that beats the cost of living for its Scottish based employees.

GMB Scotland Organiser Keir Greenaway said: “As shareholders gather to toast Diageo’s strong and stable performance their employees across Scotland have sent the company hierarchy a clear rejection of its terms pay cut offer.

It should be a source of embarrassment to Diageo that on the same day shareholders will vote to award Ivan Menezes a monstrous increase to his pay and conditions, their employees in Scotland are still holding out for a pay deal that tackles the cost of living.

Diageo can more than afford to ensure the pay of their employees covers the household bills and everyday essentials and we are asking them now to listen to our members and return to the negotiating table with an improved offer.

Our members are pivotal to the ever-improving performance of Diageo, working across bottling operations, distilleries and maturation warehouses, and they more than deserve their fair share of the billions.”

Ends

Contact: GMB Scotland Organiser Keir Greenaway 07855 017842 or Peter Welsh on 07976 447077.

Notes to Editors:

The Annual General Meeting (‘AGM’) of Diageo plc will be held at The Mermaid Conference & Events Centre, Puddle Dock, Blackfriars, London EC4V 3DB on Thursday, 20 September 2018 at 2.30 pm.