26 August, 2005

Norway: Ringnes Brewery is going to perform important job-cuts

The Ringnes Brewer from Norway prepares to dismiss between 300 and 500 employees. By this measure, major cost reductions will be introduced. This has been confirmed by Ringnes CEO Jan Bodd, in an interview with the financial newspaper Dagens Naeringsliv. The news came on August 25.

The major reason given for the cut-backs is the removal of a NOK 0.91 tax on non-returnable plastic bottles through a budget agreement between the coalition government and the Progress Party. The Labour Party has promised to restore the tax if it wins the upcoming election, but Bodd says that the cut-backs will be carried out, anyway.

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