Louisville-based Brown-Forman announced a corporate restructuring that will cut 12% of its global workforce of 5,400 employees.
In a news release Tuesday, the spirits company did not detail how many of those cuts were at the Louisville headquarters.
In the release announcing the restructuring, Brown-Forman said it will close its barrel-making operation in Louisville by April 25, 2025. The closing of the cooperage means 210 hourly and salaried jobs will be lost at the MacLean Avenue operation. The company said it plans to offer severance, outplacement services and benefits as part of the separation agreements.
In total, a company spokesperson said Brown-Forman employs about 1,100 people in Louisville.
Brown-Forman said it will source its barrels from a supplier with the same high-quality barrels at competitive price.
Shuttering the cooperage will save between $70 and $80 million a year and allow the sale of the cooperage, Brown-Forman said, which could bring more than $30 million.
Brown-Forman has been based in Louisville for 155 years. Its brands include Jack Daniel’s, Woodford Reserve, Herradura, el Jimador, Korbel, Old Forester, The Glendronach, Glenglassaugh, Benriach, Diplomático Rum, Chambord, Gin Mare, Fords Gin, Slane, and Coopers’ Craft. It operates in 170 countries around the world.
Source: WDRB
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