No job losses expected as BHL falls under the possession of AmBev

The new owner of Banks Holdings Limited is seeking to allay public and possible staff concerns if AmBev’s latest acquisition would create more unemployment in a country seeing double digit figures in the job market for almost the last five years…

Newly installed Chairman Marcio Juliano held a media familiarisation at the Hilton Barbados on Friday.

The executive declined to provide an exact cost on how much was spent in acquiring the formerly Barbadian brewery, but he did state that former rival Ansa McAL Barbados sold their shares - making for a 95% possession.

The executive declined to provide an exact cost on how much was spent in acquiring the formerly Barbadian brewery, but he did state that former rival Ansa McAL Barbados sold their shares – making for a 95% possession.

Juliano told the media how both AmBev and BHL staff would be starting an integration exercise which is set to begin in the new year, however, jobs are safe and if anything – more production is expected from the same employees;-

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