About: http://data.cimple.eu/news-article/6906a6055f97d06f36559e2ddcb2e4c970ed202f58677bfa5f06a73c

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About: http://data.cimple.eu/news-article/6906a6055f97d06f36559e2ddcb2e4c970ed202f58677bfa5f06a73c Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Dutch brewing giant Heineken said Wednesday its nine months to September net profit plunged 76 percent to 396 million euros and restructuring was needed to offset the "significant impact" of the coronavirus. Heineken said the pandemic and accompanying lockdowns which brought the global economy to a halt saw sales by volume fall 8.0 percent for the period. Heineken gave no sales figure. Badly hit by the on-off restrictions on the hospitality sector, Heineken said it aimed to cut personnel costs by 20 percent. A company spokesman cited by Dutch news agency ANP said job losses could not be ruled out. "The situation remains very volatile and uncertain. We believe that spikes in the epidemic will continue to have a significant impact in several of our markets in addition to growing recession pressures," Heineken CEO Dolf van den Brink said in a statement. When the coronavirus outbreak began, Heineken said it aimed to avoid massive layoffs but in April was forced to scrap forecasts and dividends for this year. Founded in the 19th century in Amsterdam, Heineken sells more than 300 brands, including its namesake plus others such as Strongbow and Amstel. It employs 85,000 people globally. cvo/bmm/bp
schema:headline	Heineken reports Q3 net profit down 76%
schema:mentions	Brewery Amsterdam Recession Netherlands Chief executive officer Pandemic Coronavirus Severe acute respiratory syndrome coronavirus 2 Richard de Clare, 2nd Earl of Pembroke Algemeen Nederlands Persbureau Dolf van den Brink Royal Victorian Order
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	68 (xsd:integer)

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