Reported about 13 hours ago
Brown-Forman Corp., the parent company of Jack Daniel's, is reducing its global workforce by 12% and shutting down its barrel-making plant in Louisville, Kentucky, resulting in approximately 210 job losses. These cost-saving measures aim to generate $70 million to $80 million annually amidst declining net sales and pressures from changing consumer trends and potential tariff threats. The company plans to source barrels externally while investing in its growth strategy, and recently appointed a new chief marketing officer.
Source: YAHOO