Budweiser APAC Plans More Job Cuts, Mostly in China, Bloomberg Says, Citing Sources

Dow Jones

Mar 13

--Budweiser Brewing Co. APAC is planning to cut more jobs this year, mostly in China, as it seeks to cut costs, Bloomberg reports, citing unnamed sources.

--The job cuts are part of the company's plan to lower costs by 15% this year. The company had already cut 4,000 jobs, or 16% of its workforce, last year.

--"For over four decades, we have invested in China, we are confident in its growth potential and remain focused on our strategic priorities," a Budweiser APAC spokesperson told Bloomberg. China represents more than 80% of the company's workforce.

Full story: https://tinyurl.com/nhfrz4nt

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

March 13, 2025 02:37 ET (06:37 GMT)

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APAC is planning to cut more jobs this year, mostly in China, as it seeks to cut costs, Bloomberg reports, citing unnamed sources. \n</p>\n<p>\n  --The job cuts are part of the company's plan to lower costs by 15% this year. The company had already cut 4,000 jobs, or 16% of its workforce, last year. \n</p>\n<p>\n  --\"For over four decades, we have invested in China, we are confident in its growth potential and remain focused on our strategic priorities,\" a Budweiser APAC spokesperson told Bloomberg. 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APAC is planning to cut more jobs this year, mostly in China, as it seeks to cut costs, Bloomberg reports, citing unnamed sources. \n</p>\n<p>\n  --The job cuts are part of the company's plan to lower costs by 15% this year. The company had already cut 4,000 jobs, or 16% of its workforce, last year. \n</p>\n<p>\n  --\"For over four decades, we have invested in China, we are confident in its growth potential and remain focused on our strategic priorities,\" a Budweiser APAC spokesperson told Bloomberg. China represents more than 80% of the company's workforce. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://tinyurl.com/nhfrz4nt \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Ian Walker at ian.walker@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2025 02:37 ET (06:37 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0630378429.USD","symbol_name":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2519008374","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519008374","pubTimestamp":1741847820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--Budweiser Brewing Co. APAC is planning to cut more jobs this year, mostly in China, as it seeks to cut costs, Bloomberg reports, citing unnamed sources.--The job cuts are part of the company's plan to lower costs by 15% this year. The company had already cut 4,000 jobs, or 16% of its workforce, last year.--\"For over four decades, we have invested in China, we are confident in its growth potential and remain focused on our strategic priorities,\" a Budweiser APAC spokesperson told Bloomberg. China represents more than 80% of the company's workforce.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0630378429.USD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","BK1578":"个体经济","LU0630378692.HKD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (HKD) INC","LU0762542818.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM\" (HKD) INC","LU0197773160.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AC\" ACC","01876":"百威亚太","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","LU0197773673.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AS\" (USD) INC","BK1589":"北水核心资产","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","BK1604":"节假日概念","LU0762541174.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM2\" (USD) INC","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","BK1510":"啤酒","BK1180":"啤酒酿造商"},"translate_title":"彭博社援引消息人士的话称，百威亚太计划进一步裁员，主要是在中国","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01876":0.9},"content_text":"--Budweiser Brewing Co. APAC is planning to cut more jobs this year, mostly in China, as it seeks to cut costs, Bloomberg reports, citing unnamed sources. \n\n\n  --The job cuts are part of the company's plan to lower costs by 15% this year. The company had already cut 4,000 jobs, or 16% of its workforce, last year. \n\n\n  --\"For over four decades, we have invested in China, we are confident in its growth potential and remain focused on our strategic priorities,\" a Budweiser APAC spokesperson told Bloomberg. China represents more than 80% of the company's workforce. \n\n\n \n\n\n  Full story: https://tinyurl.com/nhfrz4nt \n\n\n \n\n\n  Write to Ian Walker at ian.walker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2025 02:37 ET (06:37 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}