Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Dutch brewery Heineken has announced that it will cut 8,000 jobs (almost 10% of its global workforce) worldwide. So far, the company announced the dismissals in the Netherlands (300 jobs) as well as in France (85 jobs), Spain and the UK (up to 100 jobs).
The cuts are part of a global cost-saving and restructuring programme which should lead to around €2 billion cost savings until 2023. The company estimates that the restructuring will cost about €420 million. The programme is related to the COVID-19 pandemic as pubs and restaurants have been closed for several months all over the world. As a result of the pandemic restrictions, the company noted a decrease in sale and profit in 2020 in comparison with the previous year. The conditions of the programme will be negotiated with employees’ representatives according local regulations. Under the restructuring programme, the company is to focus on a more effective and efficient management structure as well as on production and logistics efficiency.
Heineken is the world's second-largest beer brewery, employing 85,000 people worldwide.
Eurofound (2021), Heineken, Internal restructuring in World, factsheet number 103641, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103641.
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