Brewer Heineken to cut 8,000 jobs after pandemic

Dutch beer brewer Heineken on Wednesday announced plans to cut 8,000 employees, nearly 10% of its global workforce, as part of a cost-cutting reorganization after a year dominated by the pandemic that saw it sinking in a net loss of 204 million euros ($ 248 million). ).

GET FOX BUSINESS ON THE ROAD BY CLICKING HERE

With bars and pubs around the world closed during coronavirus lockdowns and alcohol bans in some of its markets, Heineken sold 8% less beer than in 2019. Revenue fell almost 17% to 23.8 billion euros.

CEO Dolf van den Brink described 2020 as “a year of unprecedented disruption and transition” for the brewer.

CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS

The company said the pandemic “continues to have a material impact on our high-level performance, affecting all geographies and markets as governments around the world have taken action to mitigate contagion, including restricting population movements, social distancing, store closures and temporary lockdowns of production facilities. “