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Home.forex news reportBrown-Forman to cut about 12% of global workforce as part of restructuring

Brown-Forman to cut about 12% of global workforce as part of restructuring

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Brown-Forman said on Tuesday it will lay off about 12% of its global workforce of 5,400 employees, as the Jack Daniel's maker looks to reduce costs amid weak alcohol demand.
The company has struggled with high input costs, including of raw materials such as agave and wood barrels, and raised…



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