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.
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.
How many jobs is Brown-Forman cutting and when? What to know about layoffs, cooperage
Brown-Forman, the Louisville-based maker of spirits including Jack Daniels, Old Forester and Woodford Reserve, plans to cut 12% of its workforce.
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.
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 prominent Louisville-based company, reflecting ongoing challenges faced by businesses in a shifting economic landscape.
Brown-Forman Announces Workforce Reductions And Closure Of Cooperage In Strategic Restructuring
Brown-Forman Corporation (BFB), a U.S.-based spirits and wine producer headquartered in Louisville, Tuesday announced a series of
Brown-Forman to close Louisville cooperage, see 12% layoffs amid 'strategic initiatives'
Louisville based Brown-Forman Corporation has announced "a series of strategic initiatives" including layoffs and the closing its Louisville cooperage
Woodford Reserve’s parent company is cutting nearly 700 jobs as spirit sales sink
Brown-Forman, the parent company of Jack Daniel’s whiskey and Woodford Reserve bourbon, is laying off approximately 12% of ...
'This closure reflects a broader trend': Local leaders react to closing of Brown-Forman Cooperage
Brown-Forman will be closing its last remaining cooperage by April. Hear what local leaders in the barrel industry have to ...
Hundreds of employees at Brown-Forman will be laid off with closure of its cooperage
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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, ...
Brown-Forman price target lowered to $39 from $46 at Citi
Citi lowered the firm’s price target on Brown-Forman (BF.B) to $39 from $46 and keeps a Neutral rating on the shares as part of a Q4 earnings ...
Brown-Forman shake-up wins praise amid spirits industry downturn
Wall Street analysts see the positives as the spirits major seeks savings – in part via job cuts – to “position the company ...
Brown-Forman Corp. Cl B stock falls Wednesday, underperforms market
Shares of Brown-Forman Corp. Cl B BF.B shed 2.18% to $33.69 Wednesday, on what proved to be an all-around favorable trading ...