Anheuser-Busch InBev to Cut over 5,000 Jobs After SABMiller Merger
August 29
13:01
2016
Anheuser-Busch InBev has announced that it will cut at least 3% of its combined work force as part of cost-cutting efforts following its proposed merger with SABMiller over the next several years.
Investor documents posted online today said the Belgium-based brewer of Budweiser and Stella Artois would slash about 3% of its enlarged staff over three years following the tie-up.
SABMiller employs about 70,000 employees in more than 80 countries, while AB Inbev has about 150,000 staff in 26 countries, according to company figures.
AB InBev is already the world’s top brewer and the SABMiller acquisition is in line to be the third largest merger in history if it goes through.
