US: MillerCoors to lose 200 staff in restructure
MillerCoors says it has seen challenges in recent years
MillerCoors has announced a shake-up of its workforce which will include 200 workers leaving the group.
The Chicago-headquartered brewer, a JV between Molson Coors and SABMiller, said that, on top of the 200 employees affected, another 160 “open salaried positions” will be cut. In an announcement to employees, seen by just-drinks, CEO Tom Long said that the aim of the restructure is to “reduce costs, drive accountability, improve execution and increase speed to market”.
Long said: "Simply put, our fixed cost base is too high and our organisational structure is too complex."
He pointed to “challenges” over the past five years, which have seen the industry and MillerCoors lose “significant” volume, caused by the "rapid change" in the US beer industry.
“We’ve made solid progress navigating those challenges in the short-term, and now we need to better position our organisation and our brands for the future,” the memo added.
Long said the group will "revitalise flagship brands, capture Above Premium growth, simplify our Economy portfolio".
In August, MillerCoors reported a 4% drop in first-half net profits, off the back of flat sales and a 4% decline in volumes.
As we start our annual series of management briefings that focus on environmental sustainability, Ben Cooper looks at the importance of integrating the issue into all aspect of a company's operations ...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
In the second part of this month's management briefing, which shines the light on the importance of environmental sustainability in the brewing industry, Ben Cooper considers the impact of stakeholder...
Beer in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2008-12, and forecast to 2017). The...
The penultimate part of this month's management briefing sees Ben Cooper continue his review of the environmental efforts of the larger brewers. Here, he looks at Heineken, Molson Coors and SABMiller....
- Why did Mast-Jägermeister buy Sidney Frank?
- Why consumers don't care about vodka's provenance
- Pernod Ricard's FY Performance by Region, Brand
- Brown-Forman's Q1 Performance by Region, Brand
- Japan follows in Scotch whisky's footsteps
- Diageo launches glass Bulleit & Cola bottles
- Pernod Ricard releases social medial guide
- Pernod Ricard "in line" after full-year results
- Bruno Mars rum rolls out across US
- Brown-Forman CEO unfazed by FX headwinds
- Global gin insights - market data, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global rum insights - market forecasts, product innovation and consumer trends research
- Global vodka insights - market forecasts, product innovation and consumer trends research