Hit By COVID-19 Pandemic, Heineken Beer Manufacturers Fire 8,000 Employees

Heineken. (Stella de Smit / Unsplash)

JAKARTA - The second largest Dutch beer producer Heineken has confirmed that it will cut its employees, as many as 8 thousand people at the head office and other business units.

This step was taken by Heineken to get savings of 2 billion euros over two years, as well as to restructure the company after being hit by the COVID-19 pandemic.

This decision was taken in line with the company's financial statements which posted a net loss of EUR 204 million this year, where Heineken's revenue this year fell by 17 percent to EUR 23.8 billion, as the number of pubs and bars closed due to the pandemic.

Last year, the company which also owns a number of beer brands, including Amstel, Tiger, and Moretti, was able to record a profit of EUR 2.2 billion.

"The impact of the pandemic on our business is amplified by the (closure) of our clubs, bars and restaurants, trade, and our geographic exposure. We are taking cost mitigation actions that are diligently offset by the continued investment behind our growth platform", reported Irish times.

"We get a share in most of our core operations, proving we are able to adapt and stay with customers and consumers in difficult times," they added.