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MONEY & SERVICE:
German brewers forced to throw away beer, seek state aid like pubs


SUBMIT IMAGE: A beer garden manger goes to to the mugs throughout the tapping of a barrel near Theresienwiese where Oktoberfest would have begun today as COVID-19 continues in Munich, Germany, September 19, 2020. REUTERS/Andreas Gebert/Files

February 22, 2021

HAMBURG (Reuters) – German brewers have actually been forced to throw away unsold beer and have actually asked the federal government for monetary aid as the coronavirus lockdown decreases need, they stated on Monday.

German pubs, hotels and dining establishments have actually been closed because November in the nation’s 2nd lockdown following the very first one earlier in 2015.

The brewers gotten in touch with the German federal government to provide beer breweries aid under the nation’s programs to assistance market recuperate from the effect of the coronavirus crisis. Germany’s federal government has actually offered monetary aid to pubs and bars however not breweries.

“From week to week, ever more breweries, brewery-owned pubs and wholesalers are facing a threat to their existence through no fault of their own and are threatened by insolvency,” stated an open letter from about 300 breweries launched by the brewers’ associations DBB and VPBD.

The letter was signed by breweries consisting of Carlsberg Deutschland, a unit of Danish maker Carlsberg, the Bitburger Braugruppe, Krombacher and Paulaner Brauerei.

“The lockdown and the collapse of the draught beer market this created meant breweries lost a large part of their economic foundations overnight,” the letter stated.

“Stock worth many millions of euros that has exceeded its sell-by date has had to be thrown away.”

Sales of bottled beer in stores were “nowhere near enough” to make up for lost sales to the hospitality sector and weak exports, the breweries stated.

(Reporting by Michael Hogan, modifying by Ed Osmond)

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15 years since I've been following the news, no 10 my folks do that, hmm. what was the question again !?
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MONEY & BUSINESS: German brewers forced to throw away beer, seek state aid like pubs

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