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EU: AB InBev to cut thousands of jobs after $107Bn merger

By  |  August 28, 2016
EU: AB InBev to cut thousands of jobs after $107Bn merger

The combined beer giant resulting from the mega-brew merger of Anheuser-Busch InBev and SABMiller is expected to shed several thousand jobs globally as it seeks to capitalize on cost-saving opportunities emanating from the deal.

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    Budweiser maker AB InBev will cut about 3% of the combined company’s workforce after the deal is finalized, according to transaction documents filed Friday with regulators.

    The company expects to make those cuts “gradually” over the course of three years, according to the documents.

    AB InBev’s headquarters in Leuven, Belgium, will remain as the company’s new base, and its “global functional management office” in New York will also retain that role.

    That means SABMiller’s headquarters in Woking, England, will likely face job losses, according to Friday’s filing.

    “AB InBev will work to mitigate the impact of this by making alternative roles available in integration and business continuity teams that will remain at the SABMiller” headquarters “with some of these roles being filled by current AB InBev employees,” the company said in the filing.

    Full Content: USA Today

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