Brewer to cut thousands of jobs

The world’s largest brewer, AB InBev, expects to cut about three per cent of its total workforce — equivalent to thousands of jobs — once it completes its huge takeover of its closest rival, SABMiller. The company headquartered in Leuven, Belgium, has about 150,000 workers while the London-based SABMiller claims to have around 70,000. That would put the estimated job losses at around 6,600 over a three-year period.