Brewer AB Inbev to cut thousands of jobs in takeover deal
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BRUSSELS — The world’s largest brewer, AB Inbev, expects to cut about 3 per cent of its total workforce — equivalent to thousands of jobs — once it completes its huge takeover of its closest rival, SABMiller.
The company headquartered in Leuven, Belgium, has about 150,000 workers while the London-based SABMiller claims to have around 70,000.
That would put the estimated job losses at around 6,600 over a three-year period. However, AB Inbev said in documents published Friday that the estimate doesn’t include its sales and front-office supply departments, for which integration plans are not completed. The statement means it was not clear if there would be even more job cuts than the announced 3 per cent.
It expects losses at SABMiller’s current headquarters, as the new company will be based in Leuven and New York.
