Inbev to cut jobs after SABMiller merger
THE world’s top brewer AnheuserBusch InBev will cut around 5500 jobs after it completes its huge merger with rival SABMiller.
Investor documents posted online said the Belgium-based brewer of Budweiser and Stella Artois would slash about 3 percent of its enlarged staff over three years following the tie-up.
SABMiller employs about 70,000 employees in more than 80 countries, while AB Inbev has about 150,000 staff in 26 countries, according to company figures.
AB InBev is already the world’s top brewer and the SABMiller acquisition is in line to be the thirdlargest merger in history.
A crunch vote by SABMiller shareholders to clinch the deal is set for September 28 with the companies to be merged on October 10.
The new offer values the London-headquartered firm at about US$104 billion, and the deal is expected to boost the unified firms’ prospects in developing markets in Africa and China.