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DENMARK: Carlsberg ups cost cut targets - report

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Carlsberg intends to increase its cost cutting over the next two to three years, according to press reports. Danish daily Boersen, citing head of production at Carlsberg, Kasper Madsen, said yesterday that the Danish company is to cut its annual production costs by more than DKK500m (US$81.2m), DKK200m more than previously planned, in the next two to three years.

The rising target is due to Carlsberg now including all of its breweries in the cost savings programme, the daily said.

"When we include all breweries we can locate savings of over DKK500m," Madsen told the daily. "Of those (costs) around 15%-20% will be realised this year, while the rest will appear in 2005 and 2006."

Madsen also said the cost savings programme will cut a "significant" number of jobs, but added that the company would not necessarily close any breweries, the daily said.


Sectors: Beer & cider

Companies: Carlsberg

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