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Heineken to cut 8,000 jobs as virus takes fizz out of sales

10 February 2021 12:38 (UTC +04:00)

Dutch brewing giant Heineken said on Wednesday it would cut around 8,000 jobs worldwide as the coronavirus pandemic kept much of the hospitality sector closed, APA reports.

Heineken, the world's number two brewer, said it recorded a net loss of 204 million euros ($247 million) in 2020, a 109 percent fall in profits from the year before.

Heineken CEO Dolf van den Brink said it had been "a year of unprecedented disruption and transition" for the company.

"The COVID-19 pandemic and governments' measures continue to have a material impact on our markets and business," Heineken said in a statement.

Sales fell by 17 percent to 23 billion euros with bars and cafes closed in many countries, the company said.