Anheuser-Busch, Inc. Teamster Employees Overwhelmingly Ratify Contract at All 12 U.S. Breweries
November 06 2008 - 5:48PM
PR Newswire (US)
ST. LOUIS, Nov. 6 /PRNewswire-FirstCall/ -- Anheuser-Busch, Inc.
employees represented by the International Brotherhood of Teamsters
have overwhelmingly approved a new five-year contract. The
agreement, which was ratified nearly four months ahead of
expiration of the current contract, runs through Feb. 28, 2014.
"We're pleased our employees ratified this contract, which provides
excellent pay and benefits while helping our company prepare for
the future," said August A. Busch IV, president and chief executive
officer of Anheuser-Busch Cos., Inc. "The contract recognizes the
contributions of our employees who brew and ship the world's finest
beers and reflects the strong relationship we have built with these
employees and the Teamsters." The contract includes wage increases
in each year of the agreement, totaling 15 percent over the next
five years, and the renewal of the company's contractual commitment
to keep all 12 U.S. breweries open for the life of the contract.
Anheuser-Busch will continue to provide excellent health benefits
to employees, while also containing health-care cost inflation for
the company. The contract also improves pensions and provides for
increased life insurance for employees, their spouses and
dependents. Based in St. Louis, Anheuser-Busch is the leading
American brewer, holding a 48.5 percent share of U.S. beer sales.
The company brews the world's largest-selling beers, Budweiser and
Bud Light. Anheuser-Busch also owns a 50 percent share in Grupo
Modelo, Mexico's leading brewer, and a 27 percent share in China
brewer Tsingtao, whose namesake beer brand is the country's
best-selling premium beer. Anheuser-Busch ranked No. 1 among
beverage companies in FORTUNE Magazine's Most Admired U.S. and
Global Companies lists in 2008. Anheuser-Busch is one of the
largest theme park operators in the United States, is a major
manufacturer of aluminum cans and one of the world's largest
recyclers of aluminum cans. For more information, visit
http://www.anheuser-busch.com/. DATASOURCE: Anheuser-Busch, Inc.
CONTACT: Kelli Powers of Anheuser-Busch, Inc., +1-314-577-9618, Web
site: http://www.anheuser-busch.com/
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