Brown-Forman closing Louisville cooperage, reducing global workforce by 12%
- Brown-Forman announced layoffs affecting about 12% of its global workforce and will close its Louisville cooperage by April 25, impacting approximately 210 employees.
- The restructuring is expected to save the company $70 to $80 million annually and generate over $30 million from selling cooperage assets.
- Lawson Whiting, President and CEO, expressed gratitude to affected employees and emphasized the company's commitment to supporting them during the transition.
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Whiskey maker Brown-Forman to close Louisville site, layoff about 650 workers globally • Kentucky Lantern
There were 11.4 million bourbon barrels in the state as of 2021, and the bourbon industry paid just shy of $40 million in local and state taxes on those barrels in 2022. (Getty Images)The Brown-Forman Corporation, a giant spirts company based in Kentucky, announced Tuesday it plans to reduce its global workforce by 12% as part of a “a series of strategic initiatives to position the company for continued growth in the dynamic global spirits marke…

Jack Daniel's parent Brown-Forman is cutting its workforce and closing its barrel-making plant
LOUISVILLE, Ky. (AP) — 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
Brown-Forman announces massive changes, including layoffs
Kentucky Today By Tom Latek Louisville-based Brown-Forman Corporation, whose products include Woodford Reserve Bourbon and Jack Daniels Tennessee Whiskey, announced a series of changes on Tuesday, which includes the layoff of hundreds of employees around the world. Other provisions of what the company calls “strategic initiatives” include restructuring the executive leadership team and closing the Brown-Forman Cooperage, which makes their bourbo…
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