Anheuser-Busch InBev Under Threat: Union Workers Ready To Strike If Contract Isn't Finalized

Zinger Key Points
  • Union workers at Anheuser-Busch InBev's US breweries may strike if contract negotiations fail by end of February.
  • The Teamsters demand higher wages, better benefits, and job security for 5,000 workers.

Anheuser-Busch InBev's BUD union workers have voted overwhelmingly in favor of authorizing a strike at the company's 12 U.S. breweries.

According to Bloomberg, the Teamsters union disclosed the decision on Saturday, stating a remarkable 99% of its members voted in favor of walkouts if a new contract isn't finalized by the end of February. The union accuses Anheuser-Busch InBev of delaying negotiations on significant contract issues.

The union's demands include higher wages, improved health and retirement benefits, and job protection for its 5,000 AB InBev workers. The brewer and the Teamsters had tentatively agreed upon discontinuing tiered healthcare and reinstating retiree health benefits. However, the union asserts that the company has postponed discussions on critical job security matters since mid-November.

See Also: Kid Rock Is Drinking Bud Light Again After Machine Gun Fire, Rant, Boycott: 'I Think They Got The Message'

"If Anheuser-Busch's executives can't get their act together to negotiate an agreement that respects workers, we will see them out on the streets," warned Teamsters President Sean M. O'Brien.

While acknowledging the Teamsters' strike authorization vote, an AB InBev spokesperson asserted their commitment to negotiate in good faith. No dates are currently set for further negotiations, according to the union.

Amidst a renewed wave of labor activism in the US, unionized workers have secured multiple wins despite challenging labor markets, pandemic-related hazards, and rising inflation.

Read Next: Lionel Messi To The Rescue: Could Soccer Superstar Help Beer Company Move Past Boycott And Backlash?

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!