Beer giant to slash 1,400 jobs
Anheuser-Busch InBev said it would cut about 1,400 U.S. jobs -- or an additional 6% of its U.S. workforce -- to help save the world’s largest brewer at least $1.5 billion a year.
It said three-quarters of the jobs cut would disappear from Anheuser’s North American headquarters, at offices in downtown St. Louis and a campus in suburban Sunset Hills, Mo.
A letter to employees said affected workers had not yet been notified, and they would probably be people who hold engineering, information technology and other corporate positions. Unionized workers at the company’s 12 North American breweries will not be affected.
The latest job cuts go beyond plans Anheuser-Busch announced in the summer to streamline costs, before it agreed to be taken over by Belgian brewer InBev.
The company said the job losses would help it save at least $1.5 billion a year by 2011 and cope with a “challenging economy.”
Most of the cuts will be made by the end of the year.
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