Heineken To Cut 8,000 Jobs To Restore Pre-Pandemic Margins

Heineken NV plans to cut about 8,000 jobs, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions.

The world’s second-largest brewer, which makes Europe’s top selling lager Heineken as well as Tiger and Sol, said it would make €2 billion of savings over the three years to 2023 under the ‘EverGreen’ plans of chief executive Dolf van den Brink.

ESM