(Updates to add Budweiser Brewing APAC's statement in the second paragraph and related changes throughout.)
Anheuser-Busch InBev's (BUD) Asia-Pacific unit Budweiser Brewing APAC denied a recent report of planned job reductions on Thursday.
"The news report in Asia about thousands of job cuts planned for 2025 is not true. We will continue our long-term investment in China," a Budweiser Brewing APAC representative told MT Newswires in an emailed statement.
Bloomberg News earlier reported that the brewing company was eyeing slashing operational costs by roughly 15% in 2025, including through thousands of job cuts.
Price: 61.82, Change: -0.71, Percent Change: -1.14
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.