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Heineken to slash up to 6,000 jobs in pursuit of “leaner” operations
Yahoo Finance· 2026-02-11 17:47
Core Viewpoint - Heineken plans to cut up to 6,000 jobs over the next two years to achieve annual savings of up to €500 million ($596.1 million) as part of its restructuring efforts amid declining revenue and volumes [1][4]. Group Revenue and Volumes - Heineken reported declines in group revenue and beer volumes, with a 1.2% decrease in volumes in 2025, particularly impacted by a 3.4% drop in Europe and a 2.8% decline in the Americas [5][6]. Staff Reductions and Operational Changes - The company aims to implement a "simpler" and "leaner" operating model, which includes transitioning to multi-market operating companies (MMOs) and targeting select brewery closures [2][3]. - A further 3,000 roles will be shifted to Heineken Business Services (HBS) to enhance global capability centers and optimize supply chain networks [3]. Cost Savings and Strategic Goals - Heineken is targeting annual cost savings of €400-500 million as part of its five-year EverGreen 2030 strategy, which includes job cuts at its Amsterdam headquarters [4]. - The company emphasizes the need for disciplined execution of the EverGreen 2030 strategy to accelerate growth through increased productivity and operational changes [5].