AB InBev’s endless restructuring to complete SABMiller's integration

AB InBev’s 2017 non-recurring restructuring charges in relation to the merger with SABMiller was $468m, according to the company.

AB InBev and SABMiller’s multimillion-dollar merger was completed in 2016. The non-recurring restructuring charges for the 2016 financial year was $323m. “These charges primarily relate to organisational alignments in Europe, Middle East, Africa (Emea) and Asia Pacific,” AB InBev said in its 2017 annual report.

It said the $468m was for the SABMiller integration. “These changes aim to eliminate overlapping organisations or duplicated processes, taking into account the right match of employee profiles with the new organisational requirements.

AB InBev, which has more than 500 brands which include Budweiser, Corona, Stella Artois, Castle, Castle Lite, Hoegaarden and Leffe, has described 2017 as a transformative year following the multibillion-dollar merger between AB InBev and fellow brewer SABMiller.

Following the purchase of SABMiller by AB InBev, the IUF warned that those who will pay the price for this merger deal would be the members who make up IUF's affiliated unions in AB InBev and SABMiller and workers who enrich the owners of AB InBev. Please notify the IUF Secretariat of any restructuring that took place and on where job cuts have been made.

Resource: https://www.iol.co.za/business-report/international/ab-inbev-will-invest...

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