Heineken will cut 5,000 to 6,000 jobs over the next two years to further reduce costs, the Dutch beer brewer announced with its annual figures on Wednesday. Last year, Heineken generated revenues of nearly €34.3 billion, achieving a net profit of €1.9 billion.According to Heineken, the global workforce cuts will lead to annual cost savings of up to €500 million. The company currently employs over 87,000 people.
My companies on paper “profit” (EBITDA) is 8% but I know for a fact that a lot of the billions of “cost” funnelled into capex is being embezzled.
Because I work in a technical industry servicing secret squirrel stuff it’s basically auditors can’t audit and the government is very hands off (even if they could understand what we sell, which for the most part they don’t. Shit most of us don’t understand it either).
Basically licence to do whatever you want.
But because we didn’t hit the declared 11% target they cut the workforce by 10%. They’d didn’t even do an analysis. Basically the CTO just cut people based on their title.
Fuckers