Labatt employees have good reason to worry after possibilities of being axed from the American market. A move that may cause layoffs and closures here in Canada. Work came from a Company Spokesperson.
Labatt USA was sold by Inbev the Belgium based owner of Labatt to KPS Capital partners.
The deal made was to include no more exporting it's Canadian made beer to the USA which will take effect in three years.
From the Canadian side losing this market will definitely impact annual production by about 20.7 million cases of beer. With this kind of loss job cuts and layoffs are imminent
London's historic Labatt's plant on Horton St began brewing in 1847.
Labatt has 7 breweries in Canada so nobody is certain if and where these cuts will take place.
Kps is also a brewer of Genesee beer.