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Americans Should Fear Job Losses If Anheuser-Busch Is Sold

Published 06/22/08 Jeff Bennett - Print Article
E-mail - editor@economyincisis.org

The $46.3 billion offer from InBev to purchase Anheuser-Busch will likely result in more unemployed American workers and closed factories, according to union leaders who represent InBev workers worldwide.

InBev, the worlds second largest brewery, has a business plan that aims to cut costs and turn a profit by reducing jobs. Unfortunately, these will be more American workers who will lose their jobs should this deal occur.

America’s habit of selling its industries to the highest bidder will cripple our future generations. Lost will be profits, technology and future jobs – never again to return. Foreign ownership already possesses 64 percent of our wineries and distilleries – Anheuser-Busch must not be the next company to leave our soil.

Source STLtoday.com:

Union leaders representing InBev workers in Brazil, Canada and Europe have a simple message for Anheuser-Busch employees if InBev takes control of the St. Louis-based brewery: Watch out.

"They should worry, because the production is going to be concentrated and the work force reduced," says Siderlei Oliveira, president of Brazil's 1.2 million-member food workers union, citing a reduction in Brazil's brewery workers to 13,000 from 23,000 since the 1990s. "This is the strategy that they have."

…

"They have accomplished most of their goals," Nelson says, "and I expect they will be aggressive in cost-cutting (in St. Louis). I would be pretty sure they would be following the same path as they have in the rest of the world."

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