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Jack Daniel's Maker to Slash Jobs, Incur Charges for Restructuring
The Wall Street Journal|January 15, 2025
Brown-Forman 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.
- By Connor Hart
Jack Daniel's Maker to Slash Jobs, Incur Charges for Restructuring

The Louisville, Ky., maker of Jack Daniel's Tennessee Whiskey said Tuesday it expects to incur between $60 million and $70 million in charges related to the restructuring, largely stemming from severances, as well as costs related to the closure of Brown-Forman Cooperage.

Cooperage, the company's barrel-making arm, will wind down operations by April 25. Its closure will account for about one-third of the company's total job cuts, while the sale of its assets will result in more than $30 million in proceeds for the company.

Esta historia es de la edición January 15, 2025 de The Wall Street Journal.

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Jack Daniel's Maker to Slash Jobs, Incur Charges for Restructuring
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Esta historia es de la edición January 15, 2025 de The Wall Street Journal.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

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