MillerCoors plans to eliminate about 350 salaried positions across the company as it restructures while wrestling with slumping sales of some brands, especially Coors Light.
The job reductions include approximately 150 salaried positions that have been held open or eliminated earlier this year, the company said. The positions are expected to be gone by the end of October.
The company said it will offer a voluntary severance program as part of the restructuring.
“We are moving quickly and decisively to get our business back on track,” Gavin Hattersley, chief executive of MillerCoors, said Tuesday in an email to distributors. “To accomplish this, we know we need the financial flexibility to invest in our brands and solutions at the right level, quickly capitalize on new opportunities and maintain a robust marketplace presence. Our current fixed cost base limits our ability to do all this.”
MillerCoors spokesman Marty Maloney said he couldn't predict how many positions would be eliminated in Milwaukee.
Read more in the Milwaukee Journal Sentinel.