Core Insights - Molson Coors Beverage Company plans to eliminate approximately 400 jobs, representing about 9% of its salaried workforce in the Americas, as part of a corporate restructuring plan aimed at addressing challenges in the alcohol industry due to slower consumer spending and tariff-related issues [1][6]. Group 1: Corporate Restructuring - The job cuts are part of a broader strategy to transform the company and respond to the current market environment, as stated by the new CEO, Rahul Goyal [2][4]. - The restructuring will involve reinvesting in key categories, including the beer portfolio, premium mixers, non-alcoholic beverages, and energy drinks [4]. Group 2: Financial Implications - Molson Coors anticipates incurring charges between $35 million and $50 million in the fourth quarter, primarily related to cash severance payments and post-employment benefits [7]. - As of December 2024, the company employed approximately 16,800 people globally [9].

Molson Coors Beverage Company announced Monday that it plans to eliminate about 400 jobs by the end of the year, as part of a sweeping corporate restructuring plan. The cuts – which represent roughly 9% of the company’s salaried workforce in the Americas – come as alcohol companies across the U.S. face uncertainty amid slower consumer spending and tariff-driven volatilities.PATRIOTS LEGEND VINCE WILFORK TEAMS UP WITH SAMUEL ADAMS FOR GRILLING-THEMED BEER LAUNCH "We’ve made progress on our transformation jou ...