Heineken to cut up to 6,000 jobs over next two years
Heineken has plans to begin “reducing 5,000 to 6,000 roles over next two years” in a bid “to unlock significant savings”.
The move, which it revealed within its full year results, which noted “total volume declined 1.2%” is part of its 2030 goals to assist in “accelerating productivity at scale”.
‘Subdued market conditions’
The results, which flagged the current “subdued market conditions” showed that Heineken volume grew 2.7% and global brands volume grew 1.9%. The figures also reflected that net revenue grew 1.6% and net revenue per hectolitre was up 3.8%.
The Dutch beer giant highlighted how in more than 60% of its markets, including more than 80% of its priority growth markets were gaining or holding share. Additionally, marketing and selling expenses expanded to 9.9% of net revenue.
Despite challenges, the business has seen “gross savings in excess of €500 million, with an increased flow-through to profit”.
The data show showed that “operating profit grew 4.4% with operating profit margin expanding 41 bps to 15.2%”.
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‘Focused on global brands’
As part of delivering its EverGreen 2030 strategy, the company is planning on “increasing investment in growth focused on global brands, faster innovation and sharper execution”.
It also will begin “integrating FIFCO beverage and retail businesses in Central America” a move that is “expected to be immediately accretive to EPS”.
As a result, the beer company is “anticipating” that its full year 2026 “operating profit to grow in the range of 2% to 6%”.
Speaking about the results, Heineken CEO Dolf van den Brink said: “In 2025, we delivered a resilient and well-balanced performance. We gained share, drove cost and cash productivity, and increased investment behind our brands. Combined with agility and our advantaged footprint, this helped us navigate volatility and deliver within our guidance range. We reinforced our footprint through the acquisition of FIFCO in Central America, our largest acquisition in more than a decade, positioning us even more strongly for growth in the future.”
‘Significant cost interventions over the next two years’
Van den Brink explained: “As EverGreen 2025 concludes, we have made meaningful progress and advanced major transformations that strengthen our fundamentals. EverGreen 2030 builds on this with a sharper strategy, clearer resource allocation, and a stronger focus on value creation.”
He added: “Now we pivot to the disciplined execution of EverGreen 2030. Our first priority is to accelerate growth, funded by stepped up productivity and operating model changes that will involve a significant cost intervention over the next two years. This will unlock stronger people productivity and enable greater speed and efficiency. At the same time, we remain prudent in our near‑term expectations for beer market conditions.”
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