US: Anheuser-Busch agrees "tentative deal" with brewery workers' union
The US arm of the brewer has reached a "tentative agreement" with the union
Anheuser-Busch has reached a “tentative agreement” with brewery workers' union the International Brotherhood of Teamsters over a new five-year contract for employees at all 12 of its US facilities.
The US subsidiary of Belgium-headquartered Anheuser-Busch InBev said on Friday (21 March) that the agreement is subject to ratification by union members, with representatives finalising language in the new contracts. Talks between the two parties began at the end of last month.
In November, CLSA analyst Caroline Levy warned that the agreements could lead to higher costs for the brewer.
Last month, Anheuser-Busch announced it had agreed a deal to acquire Long Island-based craft brewer Blue Point Brewing Co.
Global beer market volume sales in 2014 were forecast to grow by 2%, according to Euromonitor International, primarily driven by the top five global brewers, which account for 48% of global sales....
Anheuser-Busch InBev's CEO has said he is confident the US beer market will continue to improve this year....
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