AB InBev To Cut Thousands of Jobs After Miller Merger

In News by Heather Brown0 Comments

Pending shareholder approval of a proposed $107 billion merger with SAB Miller, Anheuser-Busch InBev (AB InBev) estimates a 3% workforce reduction over the next three years, the rough equivalent of 6,600 jobs.

It’s not yet clear if regulatory restrictions on the integration of certain departments will result in even further cuts. England stands to be the hardest hit by the merger. AB InBev expects to close the SAB Miller London office within 12 months of the deal’s completion. Jobs in South Africa will stay protected for five years, according to the agreement.

AB InBev plans to divest some SAB Miller brands, including MillerCoors, for a projected annual savings of $1.4 billion four years after the merger.

Read more at Food Engineering

RELATED  Meat-Free Foods Market Report 2016-2026

Leave a Comment