Heineken has written off £167m in relation to its UK pubs, according to accounts filed by its parent company.

The global brewer, which owns Star Pubs and Bars in the UK, included impairments and exceptional items to the tune of £1.4bn in its accounts.

The company said the impact of the coronavirus crisis and the on-trade restrictions had triggered the need for impairment reviews

In the UK, Heineken said its beer and cider volume declined in the low-teens, outperforming the market, with a mid-twenties decline in the fourth quarter.

Its pub estate outperformed the market as it reopened faster in the summer and benefited from a suburban footprint, the company said.

It comes as the company announced 8,000 jobs around the world in a £1.75bn cost-saving drive to reshape the group and kick-start growth in the wake of the coronavirus pandemic.

The Dutch brewer announced the move to reduce its 85,000-strong workforce by almost 10%.

CEO Dolf van den Brink the impact of the pandemic on the business was amplified by its on-trade and geographic exposure.

Heineken slumped to a loss of £178m. Operating profits also plummeted by 79% to £682m as a result of the disruption, with on-trade volumes falling by 40% in Europe.

Heineken estimated that less than 30% of on-trade outlets were operating in Europe at the end of January 2021.

Van den Brink said the group would “stretch beer and move beyond beer” as it fought to bounce back from the crisis. It planned to expand distribution of its popular zero alcohol 0.0% beer, as well as exploring the hard seltzer category.

He added the group was also looking to strengthen its digital route to the consumer.

“We aspire to deliver superior and profitable growth in a fast-changing world,” he said.

“Firmly putting customers and consumers at the core we aim to continually enhance and expand our portfolio and footprint. We are stepping up our focus on continuous productivity improvements and raising our environmental and social sustainability ambitions.

“All of this gives us confidence that we will continue to deliver long-term value for all our stakeholders.”