Trending: Anheuser-Busch, Teamsters Avert Strike With Tentative Deal
10:08 ET -- Anheuser-Busch InBev is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Anheuser-Busch InBev and the Teamsters reached a tentative agreement on a new labor contract Wednesday, avoiding a potential strike of thousands of employees at breweries across the U.S. The tentative five-year deal, which is still subject to union ratification, protects all members' jobs for the life of the agreement and provides for a raise of $8 an hour, including an immediate $4-an-hour raise in the first year, the union said, adding that the deal also would include a $2,500 ratification bonus, changes to health and retirement benefits and increased pension contributions. Voting by union members is expected next week, the Teamsters said. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
February 29, 2024 10:23 ET (15:23 GMT)
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