Deals
AB InBev Said to Plan 5,500 Job Cuts After SABMiller Deal
- Brewer to eliminate 3% of combined workforce over three years
- Job cuts will form part of $1.4bn cost savings from deal
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Anheuser-Busch InBev NV expects to cut about 3 percent of its enlarged workforce in the three years after its takeover of SABMiller Plc as it seeks to maximize savings from the combination of the world’s largest brewers.
The reductions will be implemented gradually and in phases, the companies said in documents related to the acquisition published Friday. About 5,500 positions are likely to be eliminated, according to a person with direct knowledge of the matter, who asked not to be identified because the information is private.