BusinessLive reports that, ten weeks after its merger with SABMiller, Anheuser Busch InBev (AB InBev) sent out a voluntary severance offer to more than 1,000 management employees in SA.
A memo was issued on 12 December, which had a January 20 deadline to accept what one recipient said was a "very generous offer". A reminder was sent out 12 days ago, with a deadline extension. AB InBev would not say how many voluntary lay-offs were being targeted. It stressed though that they would not interfere with post-merger employment conditions, in terms of which the brewer is required to maintain the number of employees in SABMiller’s SA operations for five years. Moreover, there can’t be forced retrenchments in perpetuity resulting from the merger. Also, there can’t be any voluntary separation arrangements within the category of Hay Grade 12 (supervisory) employee and below for five years. The voluntary severance offer, which is entirely voluntary, has been made available only to mid-level employees and above.
- Read this report by Ann Crotty in full at BusinessLive
- Read too, AB InBev trims fat at SABMiller with voluntary packages for big earners, at Business Times
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