Today's Labour News

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ABInBevBloomberg reports that Anheuser-Busch InBev (AB InBev) expects to cut about 3% of its enlarged workforce in the three years after its takeover of SABMiller.  

The reductions will be implemented gradually and in phases, the companies said in documents published on Friday.  A source says that about 5,500 positions are likely to be eliminated.  The job cuts will form part of the $1.4 billion of annual savings that AB InBev has said it’s seeking from the takeover.  AB InBev said the estimate for job cuts did not include areas such as sales.  SABMiller’s head office is to be integrated into AB InBev’s headquarters in Belgium and management office in New York.

  • Read this report by Thomas Buckley in full at Moneyweb

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