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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.

Bu hikaye The Wall Street Journal dergisinin January 15, 2025 sayısından alınmıştır.

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Jack Daniel's Maker to Slash Jobs, Incur Charges for Restructuring
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Bu hikaye The Wall Street Journal dergisinin January 15, 2025 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

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