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.
Commentary from Lynn J. Cheramie III, Founder, FFOA News Network and NOFAR
But unemployment remains under 5%. Yeah right!
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