Molson Coors Beverage Company (NYSE: TAP, TAP.A) has announced a corporate restructuring plan aimed at creating a leaner, more agile Americas organization while advancing its ability to reinvest in the business and position the company for future growth. As part of this restructuring, approximately 400 salaried positions across its Americas business are expected to be eliminated by the end of December 2025, which represents a reduction of approximately 9% of the company's Americas business salaried workforce.
The restructuring is projected to result in certain related charges in the range of $35 million to $50 million, primarily related to cash severance payments and post-employment benefits, which are expected to be incurred in the fourth quarter of 2025. These one-time costs will vary based on specific employee elections during the workforce reduction.
Rahul Goyal, President and Chief Executive Officer of Molson Coors, stated, "We’ve made progress on our transformation journey, but given the environment, we must transform even faster. To win with our customers and consumers and return to growth, we must move with urgency and make bolder decisions."
The company aims to enhance its ability to reinvest in its business, including its priority brands and must-win initiatives. It 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.
Molson Coors is expected to share more detail on its strategy in the coming months, as it continues its journey to become a total beverage company and pursue sustainable growth.
The restructuring and corporate changes come as Molson Coors Beverage Company continues to evolve its portfolio beyond beer, offering a modern range of products including flavored beverages like Vizzy Hard Seltzer, spirits like Five Trail Whiskey, and non-alcoholic beverages.
The company is also focused on its expansion into adjacent categories through partnership and joint venture agreements. As of now, the company's history is rooted in beer, with a portfolio that expands beyond the beer aisle to meet a wide range of consumer segments and occasions. Today the company's shares have moved 0.62% to a price of $47.33. If you want to know more, read the company's complete 8-K report here.
