The Inside Job

Recession Hits Jack Daniel's: Layoffs at Brown-Forman

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Posted: April 20, 2009

The liquor business is not, apparently, entirely recession-proof. Brown-Forman, the distiller of Jack Daniel's and Southern Comfort whiskeys, said today it would cut 250 jobs, mostly in the U.S. and Mexico, and offer early retirement to certain employees. The company is also slashing merit pay increases and shaving spending on travel and meetings in a bid to save as much as $25 million fiscal year 2010.

The company said last month its sales dipped 11 percent in the third quarter, thanks to the global economic slowdown.

The Louisville Courier-Journal is reporting that 57 workers in Lousville will be informed of their layoffs this week, and 51 will be taking early retirement. Brown-Forman employs 4,100 people worldwide.

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Do we have to have a recession?

Muser, do you still beat your dog?

Notmuser of IN @ Apr 21, 2009 22:25:35 PM

Speaking of layoffs

Does it seem strange to anyone else that in order for General Motors to receive more taxpayer bailout money (that is supposed to help save and creat jobs), they must first layoff more employees to qualify by the deadline?

HillbillyBill of TN @ Apr 21, 2009 09:46:06 AM

Well, if we have to have a recession,

then less sales of hard liquor are the best part of it. Sorry to the employees above, but this is better for the children of the customers.

Muser of NM @ Apr 20, 2009 18:05:21 PM

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