(Reuters) – Budweiser Brewing Co APAC Ltd is planning to cut thousands of jobs this year as it looks to shrink costs, Bloomberg News reported on Thursday, citing people familiar with the matter, as the beer maker struggles with weak consumer demand in China.
The Asia-Pacific unit of brewer Anheuser-Busch InBev plans to reduce operational costs by about 15% this year and comes after it cut 16% of some 25,000 employees last year, the report added, citing one of the people.
(Reporting by Disha Mishra in Bengaluru)
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