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.
Just Askin' | What is a cooperage? What to know as Brown-Forman closes its facility
The Louisville-based company's facility, where barrel makers — also known as coopers — produce the white oak barrels that hold Brown-Forman's whiskey brands: Jack Daniel's, Old Forester, Woodford Reserve and Coopers' Craft.
Jack Daniel’s parent Brown-Forman is cutting its workforce and closing its barrel-making plant
Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville.
Workers ‘blindsided’ as Brown-Forman cuts global workforce, including more than 200 Louisville jobs
Cutbacks at Brown-Forman include closing its cooperage in Louisville, putting 210 employees out of work. Wood and others were allowed to go home with pay after company officials made the unexpected announcement.
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 it will lay off 12% of its workforce and close its Louisville cooperage.
Brown-Forman closing Louisville cooperage, reducing global workforce by 12%
Brown-Forman closing Louisville cooperage, reducing global workforce by 12%
Brown-Forman's cooperage closure could have ripple effect on Louisville's economy
The announcement of Brown Forman's decision to close its Louisville cooperage, and cut 210 jobs, could have a larger effect on the region's economy, according to Thomas Lambert, an associate professor at the University of Louisville College of Business.
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.
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Jack Daniel’s owner to close barrel-making plant, cut more than 600 jobs
Forman, which is expected to generate up to $80 million in annual savings, comes as inflation and changing consumer tastes ...
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 ...
Brown-Forman Corp. Cl B stock rises Thursday, outperforms market
Shares of Brown-Forman Corp. Cl B BF.B advanced 1.16% to $34.08 Thursday, on what proved to be an all-around poor trading ...
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: Attractive Valuation Post A Job Cut Of 12% And Tariffs
Brown-Forman, a leading spirits manufacturer, has declined 40% in a year but remains fundamentally strong with a 2.7% ...
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 ...
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 ...
TD Cowen adjusts Brown Forman price target amid extended slowdown in spirits demand
TD Cowen maintained its Hold rating on Brown Forman (NYSE:BFb) (NYSE:BF-B) shares but reduced the price target significantly from $50.00 to $38.00. This adjustment follows the company's announcement ...