Carlsberg launches cost-cutting plan

0 Comments | AFP, June, 2008

COPENHAGEN (AFP) — Danish brewer Carlsberg, which together with Heineken acquired rival Scottish and Newcastle earlier this year, said Tuesday it had launched a savings plan at a cost of one billion kroner (134 million euros, 208 million dollars).

Carlsberg aims to cut 700 million kroner in costs per year by among other things optimising its supply chain, it said in a statement issued in connection with an investors' meeting in Basel on Monday.

The world's fifth largest brewer said it would announce its 2008 outlook as well as forecasts for the next several years when it presents its second quarter results on August 5.

Carlsberg in February acquired a 56 percent stake in Scottish and Newcastle for 57 billion kroner, with Heineken of the Netherlands taking...