AB InBev To Lay Off 1,000 in St. Louis
Anheuser-Busch-InBev says it will cut 1,400 U.S. jobs -- or 6 percent of its U.S. work force -- as part of plans to streamline the beer company.
It said three quarters of the jobs to disappear will go from Anheuser's North American headquarters in St. Louis, both at downtown offices and its Sunset Hills campus.
The company said the job cuts were part of plans Anheuser-Busch announced this summer, before it agreed to be taken over by Belgium-based InBev, forming the world's largest brewer.
Anheuser-Busch-InBev said the job losses will help it save at least $1.5 billion a year by 2011.
Most of the job cuts will be made by the end of this year, it said.
Some staffers at the brewery have heard that Tuesday is pink-slip day. Others have heard it'll be December 15. All departments company-wide are expected to be affected. More info as we get it.