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 to cut about 12% of global workforce as part of restructuring
Brown-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.
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.
Brown-Forman closing Louisville cooperage, reducing global workforce by 12%
Brown-Forman Corporation announced Tuesday morning that it is closing its cooperage in Louisville and laying off 12 percent of its workers across the globe.
Brown-Forman to Cut 12% of Workforce in Restructuring
Brown-Forman named new executives and said it will cut about 12% of its global workforce, or roughly 648 jobs, as it undergoes a restructuring aimed to position the company for growth amid a choppy global spirits market.
Jack Daniels' parent cutting jobs, closing barrel-making plant
The moves come as American whiskey producers face stiff challenges from changing consumer trends and renewed tariff threats.
Brown-Forman laying off 648 people as stock price hits 10-year low and sales decline
Jack Daniels whiskey maker Brown-Forman Corp. said Tuesday it would cut 12% of its work force or about 648 jobs in the face ...
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Kentucky whiskey giant Brown-Forman laying off hundreds, closing Louisville cooperage
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Brown-Forman layoffs highlight challenges for Louisville businesses
Brown-Forman's recent announcement of layoffs at its cooperage facility marks another major restructuring move for a ...
Struggling Brown-Forman changes marketing leader, cuts jobs
Jack Daniel’s owner Brown-Forman is reducing its workforce by 12% as it battles a slow spirits market and foreboding trends.
Brown-Forman price target lowered to $39 from $46 at Citi
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Brown-Forman shake-up wins praise amid spirits industry downturn
Wall Street analysts see the positives as Brown-Forman seeks savings – in part via job cuts – to “position the company for continued growth”.