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AB InBev Negates Reports of BUD APAC Planning Thousands of Job Cuts This Yr
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BUD APAC (01876.HK) plans to slash thousands of jobs this year, according to hearsay. However, a spokesperson for its parent company, Anheuser-Busch InBev, told Reuters that such reports are inaccurate, emphasizing the company’s commitment to continued long-term investment in China. BUD APAC aimed to axe operating costs by 15% in 2025, including thousands of job reductions, following a 16% workforce cut last year from its roughly 25,000 employees, according to earlier Bloomberg report. Anheuser-Busch InBev had announced last month that its 4Q24 profit beat, despite a 19% YoY decline in sales volume in China. The company’s premium products were impacted by an economic slowdown and subdued consumer sentiment. AAStocks Financial News |
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