SABMiller, AB Inbev deal 'not good for workers'

SABMiller, AB Inbev deal 'not good for workers'

The Food and Allied Workers Union says workers stand to lose the most from the deal between Anheuser-Busch InBev and SABMiller.


AB InBev, the world's biggest beer producer and SABMiller have agreed in principle to a tie up worth up to £70-billion [about R1.4-trillion]. 

The move comes after AB InBev suffered several rejections before coming back and tabling a better offer.

FAWU General-Secretary Katishi Masemola says the success of SABMiller is largely due to the sacrifices made by workers who built the company that was founded in South Africa in 1895 as South African Breweries. 

Masemola says they will be opposing the transaction.

"In all cases of mergers and acquisitions, workers lose out as the new entity gets to rationalise operations and to remove duplications.

"What they'll do is they'll declare some of the jobs redundant and we are very much worried about that," he said. 

(File photo)

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