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Friday, February 19, 2010

AB-InBev to Employees: This Job Cut Is For You

Posted By on Fri, Feb 19, 2010 at 12:01 PM

An armadillo after losing his job to corporate "restructuring" - IMAGE VIA
  • Image Via
  • An armadillo after losing his job to corporate "restructuring"
If something happens every month is it still considered news?

We only ask because Anheuser-Busch InBev announced its plans to lay off another 400-plus employees from its North American workforce. That's the third time in the past two months that the world's largest brewer fired workers as a cost-cutting measure.

This time the casualties include 90 salaried employees, including several corporate vice-presidents and members of the company's U.S. sales division, reports the Wall Street Journal, via the St. Louis Business Journal. An additional 350 workers will also be sacked in moves the company has dubbed "restructuring."

The St. Louis branch did not go unscathed.
Reports the St. Louis Business Journal:
"We are making changes in our sales division, as already announced internally this week, that will result in both adding and eliminating positions, using unfilled positions to minimize reductions," Jim Brickey, vice president of people, said in a statement. "Today (Thursday), a small number of salaried sales employees in St. Louis and other locations were notified their jobs have been eliminated."

Anheuser-Busch Inc. President Dave Peacock told the Business Journal this week that A-B hopes to complete most of its restructuring by the end of March.
Peacock would not specify how many jobs would be lost in St. Louis. The report says AB-InBev will save about $90 million per year because of the job cuts.

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