Labatt stops giving retirees free beer for life
Labatt stops giving retirees free beer for life
I have joked a few times on this program about how I was gonna quit because I’d heard of a certain company offering a truly unparalleled retirement package.
Unfortunately, I don’t think I’ll be heading over to the Canadian Brewery, Labatt, anymore. They’ve ended their half-century tradition of a weekly allotment of free beer for life for its retirees, according to a report from CBC news.
Labatt is a subsidiary of Anheuser-Busch InBev, which, after a merger with SABMiller in late September — now owns 27 percent of the global beer market and makes more than $50 billion in annual revenue.
In a letter to employees, Labatt’s vice president attributed the end of the program to the overall rising costs of competitive benefits packages.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
