United Breweries (UB) has laid off 150 of its senior and mid-level employees in order “to ensure lean, efficient and future-ready organizational structure in light of the rapidly evolving market circumstances.” The layoffs accounts for about 5% of the total workforce of 3,000 people.
The news comes about 4 months after Heineken officially obtained control of UB following Heineken’s acquisition of additional ordinary shares in UB on 23 June 2021. This took Heineken’s shareholding in UBL from 46.5% to 61.5%. (inside.beer, 30.7.2021)
“The restructuring is not triggered by Heineken's acquisition of the controlling stake of United Breweries,” a spokesperson told BusinessToday.In. “It is a result of a comprehensive review of the organization structure which is a part of a broader project that began last year. As an outcome of this review, some positions have been impacted and those colleagues have been extended support including severance benefits, access to outplacement services, health benefits, and counselling services through this transition,” the spokesperson added.