BRUSSELS—Heineken plans to cut about 8,000 jobs, the Dutch beer group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions. The world’s second-largest brewer, which makes Europe’s top selling lager Heineken as well as Tiger and Sol, said it would save 2 billion euros ($2.4 billion) over the three years to 2023 under CEO Dolf van den Brink’s “EverGreen” plan. Savings will be achieved by redesigning its organization, reducing the complexity and number of its products and identifying its least effective spending, Heineken said. The review of its operations will result in about 8,000 job losses—equating to nine percent of its workforce at the end of 2019—and a related 420 million euro charge ($508 million). Personnel expenses will be cut by about 350 million euros ($420 million), it added. The brewer said ongoing restrictions on social gatherings and …
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