Heineken to cut operating costs

Heineken NV plans to cut about 8,000 jobs, in order to restore operating margins to pre-pandemic levels following a sharp reduction in profit because of coronavirus restrictions. The world’s second largest brewing company plans to save EUR 2 billion over the 3 years to 2023 with its ‘EverGreen’ scheme. The review of operations would result in laying off 9 percent of workers and personnel expenses decreasing by about EUR 350 million.