South Africa: South African Breweries to cut 500 jobs

South African Breweries - now under the AB InBev banner - is looking to cut 500 jobs, eNCA reported on February 12.

The company and the Food and Allied Workers Union met for the first time at the CCMA on February 12 as part of a Section 189 process.

This came a day after data from Statistics South Africa showed an increasing trend in job losses over the years.

This will be the second retrenchment process in as many months for the group after it is said to have retrenched 33 people last year.

The company says the retrenchments are necessary in light of current economic conditions and says it's in line with its merger conditions that the cuts will be limited to specific workers.