Anheuser-Busch Strike: 5 Things to Know as Brewers Gear Up for Walkout

Anheuser-Busch (NYSE:BUD) stock is in the news today as the company’s employees are preparing for a strike amid rough negotiations.

Let’s get into everything investors in BUD stock need to know about the potential Anheuser-Busch strike below

Anheuser-Busch Strike Details

• The employees planning to go on strike are part of the Teamsters union and are unhappy with current negotiations.
• Reports claim that Anheuser-Busch is seeking permanent layoffs of workers as it plans to close down several breweries.
• Teamsters union members are seeking a deal with Anheuser-Busch by midnight on Thursday or they will go on strike the following day.
• Teamsters Brewery Conference Chief Jeff Padellaro claims that this strike would result in the complete stoppage of beer production at all of the company’s 12 locations in the U.S.
• However, Anheuser-Busch claims it has “a robust continuity plan in place,” that will allow it to continue producing and shipping beer even if the strike does occur.

Investors will remember that Anheuser-Busch went through a rough period last year following protests over its partnership with Dylan Mulvaney. Shares of BUD stock took a beating at that time and are only just now starting to return to previous prices. This may mean it works to reach an agreement with Teamsters to avoid any bad press that could come from strikes.

BUD stock is down slightly as of Tuesday morning.

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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2024/02/anheuser-busch-strike-5-things-to-know-as-brewers-gear-up-for-walkout/.

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