date:Aug 29, 2014
Pernod Ricard, the worlds second-largest distiller, plans to eliminate jobs as it seeks to generate 150 million euros ($198 million) of savings following a slump in demand in China.
The cuts, which represent about 900 jobs or 5 per cent of the Paris-based distillers workforce, are part of a program of measures to help the company operate more efficiently, Chief Executive Officer Pierre Pringuet said today in a phone interview.
Pernod reported an 8 per cent drop in annual earnings as currency f