Anheuser-Busch InBev denied its Asia-Pacific unit Budweiser Brewing APAC (HKG:1876) is planning to reduce its workforce by the thousands in 2025, Reuters reported Thursday.
"We will continue our long-term investment in China," Reuters quoted an AB InBev spokesperson as saying.
The brewery will cut its operational expenses by about 15% in 2025, including thousands of job cuts, in addition to a 16% reduction of its 25,000-strong workforce in 2024, Bloomberg News reported separately.
The cuts would mostly come from China where most of its workforce is located, according to Bloomberg.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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