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AB InBev Negates Reports of BUD APAC Planning Thousands of Job Cuts This Yr
BUD APAC (01876.HK) plans to slash thousands of jobs this year, according to hearsay. However, a spokesperson for its parent company, Anheuser-Busch InBev, told Reuters that such r...
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AB InBev Negates Reports of BUD APAC Planning Thousands of Job Cuts This Yr
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BUD APAC (01876.HK)  +0.020 (+0.241%)    Short selling $18.87M; Ratio 15.520%   plans to slash thousands of jobs this year, according to hearsay. However, a spokesperson for its parent company, Anheuser-Busch InBev, told Reuters that such reports are inaccurate, emphasizing the company’s commitment to continued long-term investment in China.

BUD APAC aimed to axe operating costs by 15% in 2025, including thousands of job reductions, following a 16% workforce cut last year from its roughly 25,000 employees, according to earlier Bloomberg report.

Related NewsG Sachs Drops BUD APAC (01876.HK) TP to $9.2, Cuts Earnings Estimations
Anheuser-Busch InBev had announced last month that its 4Q24 profit beat, despite a 19% YoY decline in sales volume in China. The company’s premium products were impacted by an economic slowdown and subdued consumer sentiment.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-09 16:25.)

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