Anheuser-Busch, Teamsters Avert Strike With Tentative Deal
By Ben Glickman
Anheuser-Busch and the Teamsters reached a tentative agreement on Wednesday, avoiding a potential strike of thousands of employees at the brewer.
The International Brotherhood of Teamsters, which represents about 5,000 brewery workers, had previously threatened to strike March 1 if a deal wasn't reached by Feb. 29, when the current union contract expires.
The tentative deal, which is still subject to ratification by members, provides for a raise of $8 per hour, including an immediate $4 an hour raise in the first year. The Teamsters said the deal provided "significant job security" for union workers at Anheuser-Busch.
The union said 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.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
February 28, 2024 19:09 ET (00:09 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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