Brown-Forman Cuts Workforce, Closes Barrel-Making Plant Amid Industry Challenges
Brown-Forman Corp., the parent company of Jack Daniel’s Tennessee Whiskey, is reducing its global workforce by 12% and closing its barrel-making plant in Louisville, Kentucky. The cost-cutting moves aim to achieve annualized savings of $70 million to $80 million. The company will lay off about 210 employees from the cooperage, where barrels are made for … Read more