Type
Merger/Acquisition
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Food And Beverage
Manufacture Of Beverages
11.05 - Manufacture of beer

575 jobs
Number of planned job losses
Job loss
Announcement Date
11 October 2016
Employment effect (start)
Foreseen end date

Description

The takeover of drinks manufacturer SABMiller by AB InBevĀ has been confirmed. The plans were initially announced earlier in 2016, though the final deal was still subject to ratification from shareholders. The plans included reducing employment at the new business by 575. 523 jobs will be lost from the site in Woking, Surrey and a further 51 jobs will go from the London operations. AB InBEv already operates various UK subsidiaries and the former SABMiller sites have been deemed to be surplus to requirements. The takeover will mean that the SABMiller brand will no longer continue to trade.


Sources

  • 11 October 2016: City AM
  • 4 August 2016: BBC Website

Citation

Eurofound (2016), SABMiller, Merger/Acquisition in United Kingdom, factsheet number 88895, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88895.