Business Content Jamaica- Bringing Jamaican Business News To Your Desktop

Wed, 08 February 2012

Red Stripe confirms job cuts Print E-mail
grace_silvera.jpgBrewery company Red Stripe has officially confirmed our earlier story on possible senior job cuts in Jamaica.

The company revealed to the Jamaica Stock Exchange April 17, 2009 that two senior positions were being "re-defined", a euphemism for being made redundant.

These are the positions of Director of Marketing and Head of Corporate Relations. The casualties are two well respected executives of Red Stripe : Wayne Lawrence and Maxine Whittingham.

Diageo - Red Stripe's parent company plans to leverage its wider Caribbean marketing and Corporate relations to fill the vacuum left by Maxine and Wayne.

Director of Corporate Affairs, Noel DaCosta is retiring but will continue to serve on D&G's board in a non-executive capacity. DaCosta has served the company with distinction for over two decades.

Export Director of International Marketing, Grace Silvera, who successfully spearheaded Red Stripe's export thrust into North America, has been given an expanded role.

In addition to North America, Miss Silvera will be responsible for Europe, Asia and Africa.

Diageo's Red Stripe did fairly well in the export market, particularly North America with six-month sales to December 31, 2008, increasing by eighteen percent. However during the same period, domestic sales were down eighteen percent - hit by the fall in disposable income among Jamaicans.

All the changes are scheduled to become effective July1, 2009.

 

Share

Comments (0)Add Comment
feedSubscribe to this comment's feed
min/maxShow/hide comments

Write comment
smaller | bigger

security code
Write the displayed characters


busy
 
[ Back ]


Follow us on Twitter

Subcribe to our RSS feeds

advertisements


Home
Jamaica Business Consultant Wants Shift In Thinking.
Dexter scores big win in 2011 Young Investors competition!

article thumbnail

Our Young Investors Stock Market Competition has ended for 2011 and the highlight of the year was of course, Dexter Smith's dominant display. Smith won each of the four quarters impressively with [ ... ]


+ Read More
Investment Opportunities for Jamaicans

article thumbnail

Pan Caribbean believes that even with the changed interest rate regime; the impact of the Jamaica debt exchange; and the buffeting Jamaica has taken from global recessionary trends, there [ ... ]


+ Read More
Young Investors: Despite Break, Dexter Still Dominant

article thumbnail

A confident Dexter Smith has taken a break, maintaining a cash-only portfolio worth over JA $1.2 million and a virtually unassailable lead in the final quarter of the Young Investors' Stock Market Co [ ... ]


+ Read More
Home arrow News arrow The Economy arrow Red Stripe confirms job cuts