City Snapshot: Heineken to axe head office staff as profits plunge

Heineken 0.0 lager six-pack of cans

Heineken is planning to slash jobs at its head office in a bid to cut costs and return to profitable growth as the Covid pandemic continues to slam the hospitality industry. Plus, Carlsberg revises profit expectations upwards after “strong” Q3; the latest inflation figures from the BRC-Nielsen shop prices index; and Tate & Lyle buys a tapioca starch manufacturer in Thailand.

 

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