Anheuser Busch Plans Cuts

June 26, 2007: The Anheuser-Busch board will reject the takeover bid by InBev, but Bud Teamsters aren’t out of danger yet.

Teamsters were already worried that if Belgian brewer InBev bought Bud, their working standards and benefits would be on the line.

The New York Times reports today that A-B will launch its own restructuring plan to cut $500 million in costs annually.

And InBev isn’t giving up either. The Belgian beer giant has lined up funding for a possible hostile takeover of A-B.

Read the full story in the New York Times.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Where Do We Go From Here?

This April 4th will mark the 50th anniversary of Dr. Martin Luther King Jr.’s assassination. As our nation prepares to celebrate his life and work, it is important to remember that it wasn’t always celebrated at the time.

Dial In: UPS Contract Conference Call Saturday, January 13

Join Fred Zuckerman and UPS Teamsters on a national conference call to get ready for negotiations at UPS.

View More News Posts