Tuesday, 15 July 2008

Forbes on A-B's New World

Forbes has a story up on the A-B/Inbev merger:
"Bud will be our flagship brand and it will provide us with lots of exciting opportunities as we position ourselves in different markets like China and the U.K.," InBev chief executive Carlos Brito said Monday...

In a conference call with journalists, InBev would not give specifics on job cuts, which are widely expected as the two companies seek to centralize operations. When asked about the trimming of jobs, Brito said InBev would back Anheuser-Busch's proposed plan to cut 10% to 15% of its workforce, or around 1,000 jobs, through early retirement and attrition.
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1 comment:

Admiral said...

This merger is VERY exciting and should lead to some increased profitability.