08:39 AM EST, 03/06/2024 (MT Newswires) -- Anheuser-Busch Inbev's ( BUD ) new five-year agreement with the International Brotherhood of Teamsters union that represents thousands of workers at its Anheuser-Busch breweries in the US has been ratified, the union said Wednesday.

The union said 86% of its members who cast ballots in the ratification vote approved the deal.

The contract provides increases in wages, benefits, and maximum vacation leaves, as well as the removal of a tier system in employees' health care coverage, the Teamsters said.

Anheuser-Busch did not immediately respond to MT Newswires' request for comment.

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