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Heineken will cut 6,000 jobs over the next two years, amounting to about 7 percent of its global workforce, as the Dutch brewer grapples with declining demand for its beer.
Beer volumes declined 1.2 percent last year compared to 2024, but net revenues rose 1.6 percent to €28.9 billion due to growth in emerging markets including Nigeria, Ethiopia, Vietnam and India.
The decline in sales was driven by declines in Europe and the US, where beer sales volumes declined by 3.4 and 2.8 percent, respectively.
Heineken reported better-than-expected 4.4 percent profit growth, while also cutting its guidance for next year. It now forecasts profit growth of 2 to 6 percent in 2026, down from the 4 to 8 percent range it guided for last year.
Chief Executive Dolf van den Brink said, “Our first priority is to accelerate growth funded by increased productivity and a change in the operating model.” “This will unlock the productivity of strong people and enable greater speed and efficiency.”
Heineken announced last month that Dan Brink was stepping down after holding the position for nearly six years, but no replacement has yet been announced.
This is a developing story
