Dutch brewer Heineken sells its Russian operations for 1 euro, taking a 300-million-euro hit
Read full article: Dutch brewer Heineken sells its Russian operations for 1 euro, taking a 300-million-euro hitDutch brewer Heineken says it has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine.
Danish brewer Carlsberg reports strong growth in 1st quarter
Read full article: Danish brewer Carlsberg reports strong growth in 1st quarterDanish brewer Carlsberg says it saw a strong growth in the first three months of the year despite trying to sell its business in Russia, where it generated around 10% of its sales.
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Brewer Heineken to cut 8,000 jobs after pandemic losses
Read full article: Brewer Heineken to cut 8,000 jobs after pandemic lossesA Heineken sign sits on the facade of a bar, closed because of the coronavirus lockdown in Amsterdam, Sunday, Feb. 7, 2021. Dutch beer brewer Heineken said Wednesday it plans to cut 8,000 staff, nearly 10% of its global workforce, as part of a cost-cutting reorganization after a pandemic-dominated year that saw it sink to a net loss of 204 million euros ($248 million). (AP Photo/Peter Dejong)THE HAGUE – Dutch beer brewer Heineken said Wednesday it plans to cut 8,000 staff, nearly 10% of its global workforce, as part of a cost-cutting reorganization after a pandemic-dominated year that saw it sink to a net loss of 204 million euros ($248 million). 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. CEO Dolf van den Brink described 2020 as “a year of unprecedented disruption and transition” for the brewer.