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ST. LOUIS -- Anheuser-Busch InBev cut about 90 salaried employees in its U.S. sales division, including several vice presidents, and plans to lay off another 350 as part of a restructuring announced last week, The Wall Street Journal reported.
The world's largest brewer expects to save roughly $90 million a year through the job reductions, unnamed sources told the Journal.
"We are making changes in our sales division, as already announced internally [last] week, that will result in both adding and eliminating positions, using unfilled positions to minimize reductions," Jim Brickey, vice president of people, said in a statement. "A small number of salaried sales employees in St. Louis and other locations were notified their jobs have been eliminated."
Anheuser-Busch Inc. president Dave Peacock told the St. Louis Business Journal that A-B InBev hopes to complete most of its restructuring by the end of March.
Peacock declined to say how many job cuts and promotions would take place overall or in St. Louis, but said St. Louis' status as parent company Anheuser-Busch InBev's North American headquarters would not change.
Anheuser-Busch InBev to Restructure U.S. Sales, Marketing