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Anheuser-Busch and union reps reach agreement

October 06, 2008
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The Associated Press reports that Anheuser-Busch Cos. and The International Brotherhood of Teamsters have reached a tentative agreement on local, national and economic issues. The new agreement calls for a five-year contract that provides substantial pension and wage increases. Negotiations were completed ahead of the contract expiration date in February. The International Brotherhood of Teamsters said the Brewery and Soft Drink Workers Conference, the Teamsters National Bargaining Committee and all locals have unanimously recommended the agreement for ratification. Ratification should provide job security for employees. Anheuser-Busch Cos., which is selling itself to Belgian brewer InBev SA in a deal worth $52 billion, had previously announced plans to shed 1,185 positions -- mostly by offering early retirement and not filling existing vacancies. InBev has tried to soothe American fears of job losses by promising to keep open all twelve North American breweries.

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