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InBev To Cut Costs By $1.4 Billion At Anheuser-Busch

Published 07/09/08 Jeff Bennett - Print Article
E-mail - editor@economyincisis.org

During the battle between Anheuser-Busch and InBev, the truth about InBev’s cost-cutting procedures, likely leading to loss of more American jobs, is becoming apparent.

InBev, who has a history of nasty cost-cutting measures, aims to save $1.4 billion through the obscure practices of taking away employee cell phones and shutting down elevators, both techniques used in the past to save money. It is likely Americans will lose jobs, when it becomes too expensive to maintain jobs and production, and InBev is notorious for slashing jobs and factories to save money.


Source Reuters:

Belgian-Brazilian brewer InBev is likely to export its belt-tightening to the United States to squeeze out up to $1.4 billion of costs if it succeeds in taking over U.S. peer Anheuser-Busch.

"Zero-based budgeting" is central to InBev's business model in which departments have to justify all spending, rather than just changes in their budgets.

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