Friday, August 26, 2016

AB InBev to cut thousands of jobs after merger

By Nathan Bomey, USA Today

The combined beer giant resulting from the mega-brew merger of Anheuser-Busch InBev and SABMiller is expected to shed several thousand jobs globally as it seeks to capitalize on cost-saving opportunities emanating from the deal.

Budweiser maker AB InBev will cut about 3% of the combined company's workforce after the deal is finalized, according to transaction documents filed Friday with regulators.
The company expects to make those cuts "gradually" over the course of three years, according to the documents.

READ THE ENTIRE ARTICLE FROM USA TODAY

Commentary from Lynn J. Cheramie III, Founder, FFOA News Network and NOFAR

But unemployment remains under 5%. Yeah right!

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TRUTH IN MEDIA!

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