Britvic cannot rule out more cuts

BRITVIC is not ruling out more job cuts in Ireland as revenue in the year to the end of September fell 5.6% to £189.5 million (€209.6m).

It said the Irish soft drink sector is showing no indication of a return to growth in the short term but it plans to compete “aggressively” in the market in the run-up to Christmas. Managing director Andrew Richards said the company is well positioned to take advantage of any uplift in the market when it comes.

Mr Richards said most of the company’s cost-cutting measures are complete but added that he “wouldn’t rule anything in or out in the current environment”.