Anheuser-Busch cuts 1,400 jobs

The move comes just a few weeks after InBev's $52 billion takeover of the Budweiser brewer.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
By Julianne Pepitone, CNNMoney.com contributing writer

beer.ce.03.jpg
The cuts represent about 6% of the company's total U.S. workforce.
Do you know anyone who has lost a job recently?
  • I have
  • A friend or family member
  • No

NEW YORK (CNNMoney.com) -- Budweiser brewer Anheuser-Busch InBev said Monday it will cut 1,400 U.S. jobs, about 6% of its total U.S. workforce.

The cuts come just a few weeks after InBev's $52 billion takeover of Anheuser-Busch Cos. on Nov. 18.

The Belgian brewer said 75% of the positions being cut are at corporate headquarters in St. Louis. More than 250 open positions will not be filled, the company said.

An additional 415 contractor positions will be pruned from the payroll, the company said. Most of the reductions will occur before 2009.

"To keep the business strong and competitive, this is a necessary but difficult move for the company," said David A. Peacock, the company president, in a statement.

The company said the reductions are in addition to the more than 1,000 U.S. salaried employees who took buyouts in a program that ended Nov. 14.

The program was part of a $1 billion cost reduction plan announced in June. At that time, Anheuser-Busch said it planned to cut its U.S. full-time salaried workforce to 10 to 15% by the year's end.

When InBev announced in July it would take over Anheuser-Busch, the company said it planned to save at least $1.5 billion annually. To top of page

Features
They're hiring!These Fortune 100 employers have at least 350 openings each. What are they looking for in a new hire? More
If the Fortune 500 were a country...It would be the world's second-biggest economy. See how big companies' sales stack up against GDP over the past decade. More
Sponsored By:
More Galleries
Graffiti about crisis fills Athens' streets Artists are taking to the streets to express their views on the Greek crisis. More
My whirlwind 24 hours in Taiwan as a bridal supermodel Unlike the West, Taiwanese brides-to-be sit for hun sha ?? photo sessions before their actual wedding day. The photos are seen as a status symbol as well as a way to capture the brides' youth and glamor. More
8 startups that'll make your travel experience so much better Here are the new travel apps and services that will make trips easier, less time-consuming, and more fun for the every day business traveler. More
Sponsors