A-B To Buy Out Employees

http://www.nytimes.com/reuters/business/business-anheuser.html

Anheuser - Busch Enhances Employee Buyout Program

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By REUTERS

Published: August 12, 2008

Filed at 10:30 a.m. ET

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NEW YORK (Reuters) - Anheuser-Busch Cos Inc said on Tuesday it approved an enhanced employee buyout program that it expects will reduce its salaried work force by 10 percent to 15 percent.

The brewer of Budweiser, which agreed to a $52 billion takeover by Belgian rival InBev NV , said it expects to recognize one-time charges of $400 million to $525 million in the third and fourth quarters for enhanced retirement and severance costs, with related cash expenditures of $100 million to $140 million.

(Reporting by Martinne Geller, editing by Gerald E. McCormick)