Brewing giant set to axe 5,500 jobs after takeover

Anheuser-Busch InBev has targeted savings of $1.4 billion a year

26th August, 2016
Brewing merger will lead to job cuts. Pic: Getty

The reductions will be implemented gradually and in phases, the companies said in documents related to the acquisition published today. About 5,500 positions are likely to be eliminated, according to a person with direct knowledge of the matter.

The level of savings that AB InBev is seeking from its combination with SABMiller is less than in some previous deals. It achieved cost reductions representing about 16 per cent of sales when it bought both Anheuser-Busch Cos....

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Benefits of climate change ‘far outweighed’ by damage, says Varadkar

Club king Fox wonders where Dublin nightlife is going

Fianna Fáil support plunges after ‘Votegate’

Budget 2020: Donohoe adopts an election footing