Blog: Olly WehringThe end of the phoney recession

Olly Wehring | 17 December 2008

Job losses are mounting in the drinks industry.

This week in the UK alone, Coca-Cola GB, Scottish & Newcastle (Heineken) and Constellation Europe have all announced that they plan to shed staff. A-B InBev is likely to follow, once a review of its UK operations is complete.

There will be more. Indeed, the UK wine industry is struggling to stay afloat, amid the tidal waves of duty rises and discounting. Over in beer, sales have slumped and an average five pubs are closing every day. 

UK unemployment is expected to rise sharply next year, negating a boost to spending power by the recent cuts to value added tax and interest rates.

The US is hardly faring much better, if not worse. A-B InBev is shedding 1,400 jobs, mostly from A-B's St Louis headquarters, while thousands of employees connected to the soft drinks industry are also staring redundancy squarely in the face.

The phoney recession is receding, propelling forward the grim reality that 2009 is, afterall, going to be painful for many.

Mince pie anyone?


BLOG

Did Alibaba's 9.9 Global Wine and Spirits Festival flop?

Major wine players flocked to China ready for online giant Alibaba's 9.9 Global Wine and Spirits Festival, which took place on 9 September....

BLOG

Is Vietnam about to curb late-night drinking?

In May, Heineken's CEO, Jean-François van Boxmeer, called Vietnam the "poster child" for international beer thanks to strong demographics and growing demand....

BLOG

Heineken brings commercial know-how to new recruitment drive

Heineken is known for its flashy adverts. Now the brewer has given the star treatment to a new recruitment drive with a glamorous and highly-persuasive ad that, quite frankly, had the staff here at...

BLOG

Queues are forming for latest (Jim Beam) Apple product

Move over iPhone 7 headphones-gate, there is a new Apple product causing a stir. Or a shake. Or just a shot....

just-drinks homepage



Forgot your password?