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Brewer Heineken to cut 8,000 jobs after pandemic losses

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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.

Revenue fell nearly 17% to 23.8 billion euros. CEO Dolf van den Brink described 2020 as “a year of unprecedented disruption and transition” for the brewer.

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