Teamsters, Anheuser-Busch reach tentative deal to avert a strike

An agreement has been reached between Anheuser-Busch and the Teamsters union, avoiding a strike by 5,000 union members. The deal includes an immediate $4 an hour raise and an $8 an hour raise over the contract’s duration, resulting in an average pay increase of 23% for members. The union has praised the agreement, stating that it sets a new standard for the brewing industry. Anheuser-Busch, the largest brewer in the US, has also expressed satisfaction with the deal. The agreement still requires ratification by the Teamsters before taking effect.