Finance
Budweiser APAC not cutting thousands of jobs, AB InBev says
Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 13, 2025
1 min readLast updated: January 24, 2026
AB InBev denies reports of job cuts at Budweiser APAC, focusing on long-term investments in China despite cost-cutting measures.
(Reuters) - Anheuser-Busch InBev on Thursday denied a report that thousands of job cuts were planned this year at its Asia-Pacific unit Budweiser Brewing Co APAC Ltd.
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.
AB InBev reported forecast-beating fourth-quarter profits in February, though a 19% drop in volumes in China dragged on its performance.
The company's portfolio of pricier beers has suffered amid a slow economy and low consumer sentiment.
(Reporting by Disha Mishra in Bengaluru and Emma Rumney in London; Editing by Tomasz Janowski)
The article discusses AB InBev's denial of job cuts at Budweiser APAC amid cost-cutting measures.
AB InBev has denied reports of planned job cuts at Budweiser APAC.
AB InBev reported better-than-expected fourth-quarter profits, despite challenges in China.
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