Anheuser-Busch InBev to Slash Workforce, Cut Hundreds of Jobs
As first reported this afternoon by Brewbound.com, Anheuser-Busch InBev has announced that they’ll be cutting hundreds of jobs from their sales divisions (managing the company’s core brands) and its “High End” craft beer division. The plans were announced in a letter from A-B vice president of sales, Alex Medicis.
North American employees from the world’s biggest beer manufacturer exceeded over 18,000 in total with the craft brewery acquisitions over recent years.
In his letter, Medicis went on to share that “These are difficult decisions to make and ones we take very seriously. However, they are vital to ensure we are structured in the best way possible to better connect within an evolving industry.”
The company will also phase out its brand activation manager and trade activation manager programs after “concern” from wholesalers over each program’s effectiveness and cost.
To read the full story from Brewbound.com, click here.