Last rmonth we eported about C&C when they were having problems after a bad summer’s earnings. Yes, we all remember the rain ! C&C Brewers (www.candcgroupplc.com) who are the makers of Magners cider, is attempting to save €10 million by letting up to 15% of it’s staff go. C&C has been hit with the diminishing sales despite their attempts this year to enter new markets, like Germany this year.
C&C hired 200 new staff to aid with their expansion earlier this year, but now it is feared that they have spread themselves too thin. Last week C&C’s share price reached a 4 year low, with the fears that this news was coming.