Heineken says Level 5 restrictions having material impact on the company

Parent company plans to cut personnel costs by 20%

The Heineken brewery in Cork at Lady's Well. The Level 5 restrictions, which significantly impact the hospitality sector, will remain inplace until December 1.

Heineken Ireland said it remains committed to avoiding any structural layoffs in Ireland this year but has begun talks with staff representatives as it examines costs in the wake of Covid-19 restrictions.

The brewery giant's parent company Heineken NV said last week it would begin restructuring its head and regional offices in 2021 with the aim of cutting personnel costs by 20%.