A top brewer, Heineken has retrenched about 9, 000 of its workers to stay afloat. It took this decision this week after incurring a considerable loss due to COVID-19.
9,000 Heineken staffs lose their jobs
The top brewery firm has decided to cut about 9,000 jobs for it to avoid going under. This action of Heineken will save them about €3 billion in two years. This decision was revealed by CEO Dolf Van don Brink, who said he has tried to put the country in the best position as the second-best brewery in the world.
However, he said the coronavirus pandemic had impacted negatively generally on the leisure and entertainment industry. Van den Berk said that the firm would provide cutouts staff by almost 12 percent to increase productivity and free margins back to position ratios.
This cut...
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