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Brown-Forman to cut about 12% of global workforce
Jack Daniel’s owner to close barrel-making plant, cut more than 600 jobs
Forman, which is expected to generate savings up to $80 million annually, comes as inflation and changing consumer preferences cut into spirits sales.
Jack Daniel's parent Brown-Forman is cutting its workforce and closing its barrel-making plant
Spirits giant Brown-Forman Corp. said Tuesday it's reducing its global workforce by about 12% and closing its hometown barrel-making plant in Louisville. The cost-cutting moves come as American whiskey producers face stiff challenges from changing consumer trends and renewed tariff threats.
Brown-Forman cutting global workforce, closing barrel-making operation in Louisville
LOUISVILLE, Ky. (WDRB) -- Louisville-based Brown-Forman announced a corporate restructuring that will cut 12% of its global workforce of 5,400 employees. In a news release Tuesday, the spirits company did not detail how many of those cuts were at the Louisville headquarters.
Jack Daniels' parent Brown-Forman is cutting its workforce
Spirits giant Brown-Forman Corp. said Tuesday it's reducing its global workforce by about 12% and closing its hometown barrel-making plant in Louisville. The cost-cutting moves come as
Whiskey maker Brown-Forman to close Louisville site, lay off about 650 workers globally
Foreman Corporation, a giant whiskey company based in Kentucky, announced Tuesday it plans to reduce its global workforce by 12%.
Brown-Forman to cut about 12% of global workforce as part of restructuring
Forman said on Tuesday it will lay off about 12% of its global workforce of 5,400 employees, as the Jack Daniel's maker looks to reduce costs amid weak alcohol demand. The company has struggled with high input costs,
1d
on MSN
Jack Daniel’s maker to slash 12% of its workforce as consumers’ alcohol consumption dries up
Jack Daniel’s maker Brown-Forman is slashing 12% of its workforce as more consumers cut back on their alcohol consumption, ...
2d
Kentucky whiskey giant Brown-Forman laying off hundreds, closing Louisville cooperage
Brown-Forman, the Kentucky spirits company that makes Jack Daniel’s Tennessee Whiskey and Woodford Reserve Bourbon, announced ...
23d
on MSN
Jack Daniel’s Just Dropped a New Limited-Edition Whiskey Aged in Maple Barrels
Jack Daniel’s released its first widely available rye whiskey in 2017, after experimenting with an unaged version, a young ...
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