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Anheuser-Busch InBev cuts about 1,400 U.S. jobs

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Zenlitened Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 01:47 PM
Original message
Anheuser-Busch InBev cuts about 1,400 U.S. jobs
Source: MarketWatch.com

Less than a month after it gobbled up Anheuser-Busch, InBev lowered the boom on the American brewer's workforce, announcing Monday that it would slash about 1,400 jobs -- or 6% of the company's U.S. total.

Now known as Anheuser-Busch InBev, the Belgian-Brazilian brewer said about 75% of the cuts would come in St. Louis at the U.S. beer maker's headquarters and downtown offices. Some field offices and brewery locations will also feel the ax while 250 open positions will not be filled and 415 contractor jobs will be eliminated.

Most of the job losses will come by the end of this year and David Peacock, president of the company's U.S. unit, said it is a "necessary but difficult move" to keep the company competitive.

The reductions will be on top of 1,000 recent early retirements that came from a program Anheuser-Busch announced as part of its ultimately unsuccessful effort to ward off InBev's (BE:000379310: news, chart, profile) $52 billion takeover attempt earlier this year. Only salaried employees are affected.



Read more: http://www.marketwatch.com/news/story/Anheuser-Busch-In...
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BOSSHOG Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 01:57 PM
Response to Original message
1. The guys who drive Budweiser trucks
and stock the shelves at retail outlets with their products in this and surrounding counties are the busiest buckeroos in the workforce. Hopefully inbev won't fuck up distribution or tamper too much with their beer. I've kept them afloat for 30+ years.
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sellitman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:01 PM
Response to Reply #1
2. Yeah, the Bud drivers never take your brew away like the Miller driver does.
:eyes:
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BOSSHOG Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:04 PM
Response to Reply #2
3. I never did warm to that series of commercials
But I've never cared for Miller. But I did like the two chicks fighting in the swimming pool.
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sellitman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:36 PM
Response to Reply #3
5. Here's one I like. (Bud Light)
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Sherman A1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 02:57 PM
Response to Original message
4. Sounds like my Brother in Law may be affected
he works for the packaging division and expected it to be eliminated.

Ho, Ho, Ho.... Merry Christmas..... This Job Ain't for You!.
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 04:04 PM
Response to Original message
6. I have a few friends that work for Anheuser-Busch
I'll have to give them a call.
Thanks for posting.
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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 06:12 AM
Response to Original message
7. These are really good paying jobs. The brewery down the road in Williamsburg is a great job
My football coach back in the mid 80's swept the floor for $15/hour or so back then

Kingsmill (hosts LPGA event) is a rather exclusive community dating back to the early phases of large gated golf course communities and about 1/2 the houses there ($$$) are owned by people working at the brewery. This will hurt if the economy if the get hit hard by this.
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eringer Donating Member (338 posts) Send PM | Profile | Ignore Tue Dec-09-08 06:57 AM
Response to Original message
8. How will this affect the beer's "drinkabilty"???
If they let the Clydesdale "cleanup" crew go, it will be a mess. Here is a photograph of one of the guys taken just yesterday as he was pondering a future where the beer is no longer free and his cleanup duties will be limited to his own rear end.

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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 09:49 AM
Response to Original message
9. St. Louis region to absorb Anheuser-Busch layoffs
This region's economy took a hit Monday when Anheuser-Busch InBev announced job cuts for 1,400 U.S. workers, with 75 percent of those job losses coming from the St. Louis area.

Belgium-based InBev closed its $52 billion buyout of Anheuser-Busch (nyse: BUD - news - people ) in November, creating the largest beer company in the world.

More: http://www.forbes.com/feeds/ap/2008/12/08/ap5795221.htm...
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