Teamsters vote to ratify five-year labor agreement with AB InBev

Teamsters at Anheuser-Busch voted by an overwhelming 86 percent to ratify a five-year agreement that significantly raises pay, improves health care and retirement benefits, and protects all members’ jobs. The new agreement rewards 5,000 Teamsters working at Anheuser-Busch breweries nationwide. Highlights of the 2024-2029 Anheuser-Busch Teamsters contract include: Significant job security for all 5,000 Teamsters at Anheuser-Busch, including brewers, packagers, and warehouse workers; Wage increases of $8/hour, including an immediate $4/hour raise in the first year – average wage increases total 23 percent over the length of the agreement; $2,500 ratification bonus for every member; An end to two-tier health care, providing all workers with the same high-quality Teamsters health care coverage; Increased pension contributions and benefits nationwide; increased maximum vacation accrual to 8 paid weeks; Restoration of retirement benefits for active and retired members. The tentative agreement reached on February 28 was unanimously recommended by the Teamsters National Negotiating Committee which includes Teamsters leaders and rank-and-file Anheuser-Busch Teamsters.