Als Gastautor komme ich auch dieses Mal zu Wort (S. 52f). Lest den nachstehenden Artikel und lasst mich wissen, wie ihr die aktuelle makroökonomische Grosswetterlage und die Börsenstimmung einschätzt.
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Gruss, Ralph
By Paul Jarvis, Bloomberg
Diageo Plc, the world’s largest liquor maker, plans to close a packaging plant and a distillery in Scotland, reducing employee numbers by 500.
Port Dundas
The closings of the Port Dundas distillery and barrel-making facility near Glasgow, and the factory in Kilmarnock, southern Scotland, will speed up the company’s cost-cutting plans, Diageo said today. About 900 of the company’s 4,500 Scottish employees will lose their jobs, while 400 new positions will be created by the expansion of a packaging plant in Fife.
The maker of Johnnie Walker whisky needs to reduce costs as weakening economies cause volumes to shrink. The Scottish closings, when combined with the outsourcing of some warehousing operations, will generate savings of about 40 million pounds ($65.7 million) in the year ending June 2012, Diageo said. The distiller today raised its forecast for cost reductions this fiscal year by 20 million pounds to 120 million pounds.
"Given our expectation that Diageo’s top line will remain weak in 2010, these cost savings are a key measure to support margins," UBS AG analyst Melissa Earlam said in a note. UBS raised its 2010 per-share earnings estimate by 0.6 percent and maintained a "neutral" recommendation on Diageo.
Stock Price
Diageo rose 25.5 pence, or 2.9 percent, to 897 pence in London trading, the highest closing price since Feb. 11.
Schedule
The Port Dundas site will shut in about a year, with the loss of all 140 jobs, Diageo spokesman James Crampton said. The closing of the Kilmarnock plant will take place by the end of 2011. Production will be transferred to factories in Glasgow and Fife, eastern Scotland, which will be expanded to include a new packaging hall at a cost of 86 million pounds.
Political Interventions
The Scottish Government in Edinburgh "is asking the company to reconsider this course of action and to look at alternatives," it said in an e-mailed statement today. First Minister Alex Salmond plans to meet Diageo executives tomorrow in an attempt to avert the job cuts.
Diageo said no compulsory redundancies will take place for 12 months at the two locations that are due to shut. One-time costs related to restructuring will be 200 million pounds in the year ended yesterday and 210 million pounds this year, the company said. The distiller is also cutting 107 jobs in Ireland and has reduced its U.S. workforce this year.
Comment from the Whisky InvestorHeimkehrer sollen in der Schweiz zollfrei shoppen / Ein Vorhaben, das Arbeitsplätze schaffen soll



