100 lose jobs at Foster’s

Foster’s has sacked 100 workers from its Melbourne corporate headquarters. The staff – from the company’s back office, including the marketing and finance teams – were told of the redundancies on 6 June 2011. They join 50 workers from the Foster’s company’s Abbotsford brewery outside Melbourne who were made redundant last month.

Foster’s chief executive John Pollaers was quoted as saying that the spin-off of the group’s loss-making wine business allowed the company to focus on finding savings.

"Unfortunately, this has involved a number of roles being identified for redundancy,” Mr Pollaers said.

Foster’s shares have surged amid growing speculation that Grupo Modelo, SABMiller and Molson Coors were considering a joint bid.