Anheuser-Busch axes US jobs
Anheuser-Busch has announced it is to axe jobs across its US operations
Anheuser-Busch has announced it is to axe jobs across its US operations following a business review.
Most of the employees have been notified and have been offered severance packages, A-B said. However, an A-B spokesperson refused to comment when contacted by Brewers’ Guardian on how many jobs and which departments have been affected.
In a press statement, A-B's vice president, people, Jim Brickey, said, "Following a detailed business review, we are reorganizing certain work that displaces some positions. Most of the employees impacted were notified recently. The reductions were minimised as much as possible by using open positions."
He added: "These are always difficult decisions, but are important in evolving our business and improving our competitiveness. We are enhancing our severance program during this time to assist those impacted as they transition out of the company."
According to a Wall Street Journal report, as part of the review the company has decided to consolidate its sales division, cutting the sales regions it covers from eight to seven from the start of next year,
Other departments affected include marketing and procurement and brewery operations, said the report, citing one source who said hundreds of jobs could be eliminated.
Anheuser-Busch has about 15,000 employees in the US, where sales volumes of key brands such as Budweiser and Bud Light have been declining for years. Last month, the company reported EBITDA profits fell by 2.1% in the first nine months of 2014.
The company has reduced its headcount from 21,871 at the end of 2008 to 16,582 at the end of 2013, according to its financial filings.