Molson Coors to Cut 400 Jobs in Americas Restructuring

By Ahmed Jameison • Monday, October 20 15:34 • Permanent Link

Molson Coors Beverage Company has announced a corporate restructuring plan aimed at creating a leaner, more agile Americas organization. The plan involves eliminating approximately 400 salaried positions across its Americas business by the end of December 2025, which is estimated to result in the reduction of approximately 9% of the company's Americas business salaried workforce.

The restructuring plan is expected to incur certain related charges in the range of $35 million to $50 million, primarily for cash severance payments and post-employment benefits to be incurred in the fourth quarter of 2025. These one-time costs will vary based on specific employee elections during the workforce reduction.

Molson Coors aims to enhance its ability to reinvest in its business, including its priority brands and must-win initiatives. The company is focused on putting the right level of resources closer to its consumers and customers as it pursues a return to growth, concentrating on both its beer portfolio and its expansion into adjacent categories, such as premium mixers, non-alcohol beverages, and energy drinks.

The restructuring is part of the company's long-term strategy to become a total beverage company and is intended to position Molson Coors for sustainable growth. President and CEO Rahul Goyal emphasized the need for urgency and bold decisions to win with customers and consumers and return to growth.

This move comes as the company continues its transformation journey and aims to share more details on its strategy in the coming months.

Molson Coors Beverage Company produces a wide range of beverages, including beer, flavored beverages, spirits, and non-alcoholic beverages, with a modern portfolio that expands beyond the beer aisle. The company's ambition is to be the first choice for its people, consumers, and customers, offering a wide range of products to meet various consumer segments and occasions. Following these announcements, the company's shares moved 0.62%, and are now trading at a price of $47.33. If you want to know more, read the company's complete 8-K report here.

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