AB InBev expects thousands of job cuts after SABMiller merger deal

AB Inbev expects thousands of job cuts after SABMiller merger deal

The world's largest brewer, AB InBev, says it expects to cut about 3 percent of its total workforce -- equivalent to thousands of jobs -- once it completes its huge merger with its closest rival, SABMiller.

The company headquartered in Leuven, Belgium, says it has about 150,000 workers while London-based SABMiller claims to have around 70,000.

That would put the estimated job losses at around 6,600. However, AB InBev said Friday the estimate doesn't include its sales and front-office supply departments, for which integration plans are not completed.

It expects losses at SABMiller's current headquarters as the new company will be based in Leuven and New York.

The 79 billion-pound ($104 billion) merger deal has received backing from SAB Miller's board but awaits approval from the company's shareholders.

Those who will pay the price for this merger deal are 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 plans with information on where job cuts are being made to enable a coordinated response to any announced cuts and changes.

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