BUDWEISER brewer Anheuser-Busch InBev (ABInbev) has drawn up plans to cut more than 5,000 jobs from the enlarged group it expects to create by acquiring SABMiller. Documents filed in connection with the planned £79 billion takeover show ABInbev, whose brands also include Stella Artois, expects to axe three per cent of the jobs in the enlarged group in the three years following the takeover. ABInbev employs around 150,000 while SABMiller has 70,000 staff. If the deal completes to plan, the group will have headquarters in Leuven Belgium. Lob losses are likely at SAB Miller’s management offices in Surrey and London. ABInbev said any changes affecting employees would be implemented with due respect for applicable legal considerations and consultation requirements. The two firms are expected to pay more than $1bn (£0.75bn) total fees to banks and advisors in connection with the deal, which has been recommended by SABMiller’s board. Shareholders in the firm will vote on the proposed deal on 28 September.
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