Constellation cuts jobs after duty hike

16 December, 2008

Constellation has announced it will axe 50 jobs in the UK in response to the duty hike in the pre-Budget report and warned that more could be lost unless there is a rapid change in the government's alcohol policy.

Constellation Europe president Troy Christensen told the Times this year's two duty increases have cost the company 50 million, and warned that promotional investment could be cut as well as more jobs.

He said: "If there's another duty increase, then the only thing you can do is reduce your local investment even further.

"We are a global company and we tend to put investment in countries that produce the best returns. At the moment, there are a lot better opportunities elsewhere in Europe."

A Constellation spokeswoman told OLN: "It is because of the further duty increase in the pre-Budget report. Wines are in negative growth for the first time this year, so we have had to make cuts."




Bookmark this


Site Search

COMMENT

Bestway could take Bargain Booze back to its roots

Sir Anwar Pervez didn’t earn a place on The Sunday Times Rich List without spotting a good bargain – and in the fallout from the monumental collapse of Conviviality he’s got one in both name and spirit with the acquisition of Bargain Booze.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter