Beer giant AB InBev has wasted no time in trimming the fat at SABMiller, which it bought late last year — launching a voluntary severance package that targets big earners. The producer of Budweiser and Corona has off-loaded assets globally and it was only a matter of time before it took the scissors to its South Africa operations, where it received approval to buy SAB seven months ago. The $140-billion (about R1.9-trillion) deal is one of the largest in history. Robyn Chalmers, communications director for AB InBev Africa and SAB, confirmed that a voluntary severance process had been launched and said it was geared towards employees at a "certain management level in South Africa". But Chalmers said it was "too early in the process to say how many people may opt for the [voluntary severance offer], or what the impact in terms of cost savings may be." Insiders said the offer was announced in mid-December leaving mid-level managers to mull the proposal over Christmas and respond by the ...
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