Magners cider-maker to slash jobs after poor summer

Irish brewer C&C, maker of Magners cider, is planning significant job cuts after its profits were decimated by the poor summer weather.

The company announced this morning that it would soon unveil a comprehensive restructuring and cost reduction programme, which is likely to focus on headcount reduction.

Its cider sales in Ireland were down 7% in the first half, compared to a year earlier. In the UK sales were flat but it lost market share.