Carlsberg cut 2,000 white-collar jobs as the Danish brewing giant tries to come to grips with a shrinking Russian beer market.
Estimating that "profit development of recent years has not been satisfactory," chief executive Cees ?t Hart announced "further steps to prepare the Carlsberg Group for the future".
Top among them are increasing organisational efficiency, which allow the brewer whose brands also include Tuborg and Grimbergen "to reduce white-collar headcount by approximately 2,000 employees", the company said in a statement.
The cull of 15 percent of white collar staff comes as it announced nearly 10 billion Danish kroner in restructuring charges and reductions in the value of its assets. Most were booked in the third quarter, pushing its net loss to 4.45 billion kroner (approximately 600 million euros, $640 million), compared to a profit of 2.10 billion one year ago.