FORTY-EIGHT BANKS HOLDINGS LIMITED (BHL) employees will be casualties of a restructuring programme initiated by ultimate owner Anheuser-Busch InBev (AB InBev), the world’s largest brewing company.
The DAILY NATION yesterday confirmed what BHL chief executive officer (CEO) Richard Cozier called a “difficult” decision. While he did not give a date for the retrenchment, sources at the company said employees would be put on the breadline from next month.
This comes about six months after AB InBev subsidiary, Brazilian company AmBev, acquired majority ownership of BHL following a bidding war with Trinidad conglomerate ANSA McAL.
It also follows the departure of BHL’s chief commercial officer Ray Chee-A-Tow, corporate secretary and legal counsel Cherie Jones, and group internal audit manager Ravi Whitehead, at the end of April. At the time of the battle for its shares last year, the island’s largest beverage company had 509 employees. (SC)
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