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.

Get Advice Join TDU Donate

Recent News

On the Table in UPS Talks: Ending Article 40 Concessions

Eliminating loopholes in Article 40 is on the table in national contract negotiations and UPS Teamsters who work in UPS’s air operations are ready to close the concessions stand for good.

ABF Teamsters Authorize a Strike

ABF Teamsters have voted by 97.73% to authorize a strike. The contract covering 8,000 Teamsters at ABF expires on June 30.

View More News Posts