Sunday, December 14, 2008

Anheuser-Busch-InBev will cut 1,400 U.S. jobs


Anheuser-Busch InBev announced Monday it would cut some 1,400 U.S. jobs — or another 6 percent of its U.S. work force — to help save the world’s largest brewer at least $1.5 billion a year.
It said three-quarters of the jobs cut will disappear from Anheuser’s North American headquarters in St. Louis, both at downtown offices and a campus in suburban Sunset Hills, Mo. A letter employees received Monday said affected workers had not yet been notified, and they will likely 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 this summer to streamline costs, before it agreed to be taken over by Belgium-based InBev. The company said in a news release the job losses will 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.