Brewer AB Inbev expects thousands of job cuts in merger deal

BRUSSELS (AP) ' 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.Join the conversation about this story
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