Anson Frerichs, former president of operations at Anheuser-Busch, reacts to Bud Light’s Super Bowl commercial.
Anheuser-Busch (AB) announced Wednesday that it has reached a tentative agreement with the International Brotherhood of Teamsters, a day before its single master agreement with 12 U.S. breweries is set to expire.
The Teamsters, which represents all 5,000 AB employees across 12 U.S. locations, confirmed Wednesday that they had reached a tentative five-year agreement.
“Teamsters make beer, Teamsters make Anheuser-Busch successful, and our members deserve the best contract possible. That’s what we fought for and won today,” Teamsters General President Sean M. O’Brien said.
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Anheuser-Busch announced on Wednesday that it had reached a tentative agreement with the Teamsters union, the day before its single master contract for all 12 U.S. locations was set to expire. (Reuters/Eve Herman/Reuters Photo)
The Teamsters said the agreement’s key features include “substantial job security” for all employees, an $8 hourly raise, a $2,500 recognition bonus for each member, increased pension contributions and benefits, and He shared that the measures include increasing vacation pay and reinstating retirement benefits for current employees. and retired members, and the elimination of two-tier health insurance.
An AB spokesperson told FOX Business that “our employees are our top priority” and that the company “recognizes and rewards the talent, dedication and hard work of our employees and positions us for long-term success.”
“This interim agreement builds on our existing industry-leading package of wages, health care and retirement benefits and includes important commitments to job security,” the spokesperson continued. “As America’s leading beer company, we take great pride in providing top-quality jobs for the beer industry and look forward to formal ratification in the coming days.”
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Anheuser-Busch previously said it was “ready to operate our breweries and keep our beer stocked” if its 5,000 employees, who are members of the Teamsters, went on strike on March 1. Ta. (Brandon Bell/Getty Images/Getty Images)
The Teamsters said a vote on the tentative agreement is expected next week.
The union previously said all 5,000 members were prepared to launch a “full-scale strike and nationwide boycott” if no agreement was reached by the Feb. 29 contract deadline.
Anheuser-Busch said earlier this month that it is “ready to operate our breweries and keep our beer stocked” if a strike begins on March 1.
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AB CEO Brendan Whitworth said in a statement Wednesday that the company’s employees are its “greatest strength” and he was pleased to reach an agreement that benefits everyone. He said there was.
“As America’s leading beer company, we have the best people in the beer industry, the best jobs, to brew great beer for everyone and to appear at the moments that matter to consumers. , positively impacting communities across the country,” Whitworth said.
