Budweiser APAC denies axing thousands of jobs to cut costs

Belgium | AB-InBev has denied a report that thousands of jobs are on the block this year at its Asia-Pacific unit Budweiser Brewing Co APAC. Bloomberg reported on 13 March, that the firm was looking to cut operational costs by about 15 percent this year, which may include thousands of job cuts. In 2024 already, Budweiser APAC axed some 4 000 jobs, or 16 percent of its 25 000-strong workforce.

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