Molson Coors Beverage Company is eliminating hundreds of jobs by the end of the year as it undergoes a restructuring. (Gabby Jones/Bloomberg via Getty Images)
Molson Coors Beverage Company is eliminating 400 positions by the end of the year as it undergoes a restructuring.
Dig deeper:
The company says the jobs cuts are "designed to create a leaner, more agile Americas organization while advancing its ability to reinvest in the business and position the company for future growth."
What they're saying:
"We are moving quickly and intentionally on a long-term, achievable strategy that continues our journey to become a total beverage company and that we believe puts us on the path to sustainable growth. We look forward to sharing more detail on this strategy in the coming months," said President and Chief Executive Officer Rahul Goyal in a statement.
By the numbers:
The salaried job cuts include vacant positions and the reduction will eliminate approximately 9% of the company’s Americas business workforce.
Molson Coors Beverage Company operates through Molson Coors North America and Molson Coors Europe, producing well-known brands Coors Light, Miller Lite, Blue Moon, and Molson Canadian.
The Source: Information in this article was provided by Molson Coors Beverage Company. This story was reported from Orlando.