AB InBev expects job cuts after SABMiller takeover

Posted online August 26, 2016 | 11:32 am

Anheuser-Busch InBev expects to slash roughly 3 percent of its combined workforce when it completes its acquisition of SABMiller.

That accounts to around 5,500 jobs.

AB InBev still requires backing from SABMiller shareholders for its $103.6 billion takeover. The shareholders are scheduled to vote at a Sept. 28 meeting.

Read more from Reuters.

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