Budweiser brewer Anheuser-Busch has reached a contract agreement with the
The union had threatened a strike at the brewer’s 12 U.S. plants if an agreement on a new five-year contract wasn’t reached by
But the two sides said late Wednesday they had reached a tentative agreement that boosts wages and increases vacation days and pension contributions.
“Teamsters make the beer,
Anheuser-Busch CEO
"Our people are our greatest strength, and we are incredibly pleased to have reached a tentative agreement that continues to recognize the talent, dedication, and hard work of our teams, while also positioning the company for long-term success,” Whitworth said in a statement.
The union said the full tentative agreement will be shared with workers prior to a ratification vote, which is expected to happen next week.
The strike would have been the first in the
The union said earlier this month it was angered by a company proposal that would close breweries and lay off workers.
But Anheuser-Busch is facing declining beer sales in the
It’s also trying to win back consumers. Bud Light, its best-selling brand, faced a conservative backlash last year after it sent a commemorative can to transgender activist
Anheuser-Busch shipments to
The company, part of
Not all
“Molson Coors should pay close attention to the bar we’ve set today for brewery workers across the country,” O’Brien said in his statement.
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