Covid-19: battered by the pandemic, Heineken will cut 8,000 jobs

The Dutch brewer suffered a net loss of 204 million euros in 2020.

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World number two in beer is hit hard by the Covid-19 pandemic. Dutch brewer Heineken announced on Wednesday 10 February that it would cut 8,000 jobs worldwide. The health crisis resulted in a net loss of 204 million euros in 2020 while the previous year, the group had published a net profit of 2.1 billion euros.

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“The Covid-19 pandemic and government measures continue to have an impact on our markets and our business”, said the group in the press release presenting its annual results. According to brewer’s CEO Dolf van den Brink, 2020 has been “a year of unprecedented rupture and transition”. Sales fell 17% to 23 billion euros, affected by the closure of bars and restaurants in many countries, Heineken also said, adding that less than 30% of outlets were active in Europe, in particular at the end of January.

Heineken had already warned in October that a restructuring would be necessary. The group now specifies that job cuts across the world will be “depending on local circumstances” but that the measures will also affect the company’s headquarters in Amsterdam.

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