AB InBev Profits Soar, Contract Talks Continue
ST. LOUIS (KMOX) – On the day Anheuser-Busch InBev reports a 45% increase in 4th quarter profits, comes word that the brewer has extended its current contract with the Teamsters Union for another month.
The contract covering all 12 U.S. breweries, that was to end Friday, will remain in effect until March 31st.
An upbeat Local 6 Secretary Treasurer Bob Gardner tells KMOX the talks are going “slow, but moving along”.
The negotiations are scheduled to resume March 17th.
As for the strong finish to 2013, Chief Financial Officer Felipe Dutro credits acquisitions, growth and cost-cutting. However, Dutro says the first quarter of 2014 has been tough in the US, due to cold weather but he predicts AB InBev will see an extra boost this year, due to global growth and the World Cup.
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