The contract agreement reached this week between the Teamsters union and Anheuser-Busch, averting a strike that could have begun Friday, calls for wage increases of $8 an hour over the five years of the deal. A $4-per-hour raise kicks in immediately.
Anheuser-Busch (NYSE: BUD) announced the deal late Wednesday. It awaits ratification in the coming days by approximately 5,000 workers across the company’s U.S. operations.
The new contract also calls for a $2,500 ratification bonus.
As to whether...
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