(Finance) – Brown Formanthe American alcohol giant that controls the Jack Daniel’s brand, has announced a workforce reduction affecting approximately 12% of its 5,400 employees worldwide and the closing of Louisville-based Brown-Forman Cooperage.
Brown-Forman also announced will close its barrel manufacturing business based in Louisville, Brown-Forman Cooperage, by April 25, 2025. This closure, which will impact approximately 210 employees, is part of the overall 12% workforce reduction.