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Bloomberg reported that Budweiser APAC, controlled by AB InBev, the world’s top brewer, was looking to cut operational costs by about 15% this year, including via thousands of job cuts
“The news report about thousands of job cuts planned for Asia in 2025 is not true,” says an AB InBev spokesperson.
Anheuser-Busch InBev (AB InBev), which controls Budweiser APAC, on Thursday denied a report that said the company planned to cut “thousand of jobs” at its Asia-Pacific unit.
Bloomberg reported on Thursday that Budweiser APAC, controlled by AB InBev, the world’s top brewer, was looking to cut operational costs by about 15% this year, including via thousands of job cuts, on top of a 16% cut to its workforce of some 25,000 employees last year.
“The news report about thousands of job cuts planned for Asia in 2025 is not true,” an AB InBev spokesperson told Reuters. “We will continue our long-term investment in China,” the spokesperson continued.
In 2024, Budweiser gave pink slips to around 4,000 workers or 16 per cent of its then 25,000 strong employee base.
The company has been steadily reducing its headcount over the past few years, with the staff size shrinking about 20 per cent by the end of 2023 from more than 30,000 in 2017.
Meanwhile, Budweiser APAC has named Yanjun Cheng, a 29-year veteran of the company, to succeed Jan Craps who will step down in April after seven years.
