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Busch follows local stimulus with national layoffs
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The Anheuser-Busch plant in north Fort Collins is getting $1.1 million in federal stimulus money while a federal judge hears a challenge to the company's buyout. Meanwhile, the company is laying off 100 St. Louis workers and outsource store displays and promotions.
The stimulus money is aimed at converting 23 electric lift truck batteries from lead-acid to fuel cell batteries, according to a press statement from Rep. Betsy Markey, D-Fort Collins. The conversion is a test program that may be expanded to all 12 U.S. facilities of the Anhueser-Busch InBev conglomerate.
The St. Louis promotions office won't be converting any trucks, though. Columbus Business First reports today the Belgian beer conglomerate will shut down the office and lay off 100. In other company news, critics launched another challenge to the purchase of Anheuser-Busch by Belgian beverage giant InBev. The U.S. Department of Justice approved the merger last November, but critics argue the department failed to protect U.S. consumers in the approval.
The money was part of $41.9 million in stimulus spending announced April 15 by the U.S. Department of Energy. Elsewhere in Colorado, the Golden DOE office is expected to benefit from the funding boost, but the Denver Post reports today the National Renewable Energy Laboratory in Golden will be shut out.
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