This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
BusinessLive reports that, highlighting its tough management reputation, Anheuser-Busch InBev (AB InBev) has canned bonuses for most of its executive board because of the disappointing 2016 financial results.
The move is expected to affect swathes of executives in the group which, after last year’s $103bn acquisition of SABMiller, now controls just more than 25% of the global beer market. South African executives will not be affected as the old SABMiller scheme will apply to them for the year. The notable aspect of the financial results was the hefty 5% drop in beer volumes in the three months to end-December, which included the former SA Breweries’ figures. Industry sources say it was the steepest decline in SA in more than 15 years.
- Read this report by Ann Crotty in full at BusinessLive
Get other news reports at the SA Labour News home page