To help you understand what is going on in business and employment matters, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…
Drinkers of Anheuser-Busch beers may want to stock up very soon. A looming strike threatens to shutter its U.S. breweries later this month. Represented by the Teamsters union, 5,000 workers at 12 company breweries say they will strike at the end of February unless they get pay hikes, more job security and better retirement benefits.
99% of the workforce recently voted in favor of a strike authorization if there’s no deal when their contract expires on February 29. The brewer makes Budweiser, Bud Light, Stella Artois, Michelob Ultra, Busch, Hoegaarden and others.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The employment contract fight is the first that Anheuser-Busch will have to face with Teamsters president Sean O’Brien, who was elected in 2021. He led the union in securing a record contract gain at UPS last year, amid threats of a massive strike. Anheuser-Busch’s parent company, AB InBev, is keen to avoid a strike, after the boycotts it faced last year that caused its sales of Bud Light to slump significantly. The company doesn’t want anything to disrupt its robust profits in recent quarters.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
Related Content
-
These Eight States Have the Most Expensive Home Insurance in 2025If you live in one of these eight states, you’re probably paying $1,000 or more above the national average for home insurance.
-
Retiring With a Pension? Four Things to KnowThe road to a secure retirement is slightly more intricate for people with pensions. Here are four key issues to consider to make the most out of yours.
-
What DOGE is Doing NowThe Kiplinger Letter As Musk's DOGE pursues its ambitious agenda, uncertainty and legal challenges are mounting — causing frustration for Trump.
-
A Move Away From Free TradeThe Letter President Trump says long-term gain will be worth short-term pain, but the pain could be significant this year.
-
The Explosion of New AI ToolsThe Kiplinger Letter Workers and consumers soon won’t be able to escape generative AI. Does that mean societal disruption and productivity gains are right around the corner?
-
Trump’s Whirlwind Month of Crypto MovesThe Kiplinger Letter The Trump administration wants to strengthen U.S. leadership in the cryptocurrency industry by providing regulatory clarity.
-
Excitement Over AI Propels IT SpendingThe Kiplinger Letter IT sales set to surge in 2025 as businesses rush to adopt generative AI.
-
Donald Trump Tests His LimitsThe Kiplinger Letter President Encounters Legal Obstacles in Pursuit of Ambitious Agenda.
-
Another Down Year for AgricultureThe Kiplinger Letter Farmers brace for falling incomes, widening trade deficits
-
What To Know if You’re in the Market for a New Car This YearThe Kiplinger Letter Buying a new car will get a little easier, but don’t expect many deals.
