Support Local Journalism. Join Riverfront Times Press Club.

Monday, December 8, 2008

AB InBev To Lay Off 1,000 in St. Louis

Posted By on Mon, Dec 8, 2008 at 11:49 AM

Anheuser-Busch InBev employees are buzzing about imminent job cuts in the wake of InBev's recent acquisition of St. Louis' corporate crown jewel.

The company today announced that it would cut 1,400 jobs in the United States, about 75 percent of them (1,050 jobs) in St. Louis. According to the Associated Press:

Anheuser-Busch-InBev says it will cut 1,400 U.S. jobs -- or 6 percent of its U.S. work force -- as part of plans to streamline the beer company.

It said three quarters of the jobs to disappear will go from Anheuser's North American headquarters in St. Louis, both at downtown offices and its Sunset Hills campus.

The company said the job cuts were part of plans Anheuser-Busch announced this summer, before it agreed to be taken over by Belgium-based InBev, forming the world's largest brewer.

Anheuser-Busch-InBev said the job losses will help it save at least $1.5 billion a year by 2011.

Most of the job cuts will be made by the end of this year, it said.

Some staffers at the brewery have heard that Tuesday is pink-slip day. Others have heard it'll be December 15. All departments company-wide are expected to be affected. More info as we get it.

-Kristen Hinman 

Tags:

Support Local Journalism.
Join the Riverfront Times Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the Riverfront Times Club for as little as $5 a month.

Read the Digital Print Issue

August 4th, 2021

View more issues

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Best Things to Do In St. Louis

© 2021 Riverfront Times

Website powered by Foundation