Molson Coors (TSX: TPX.B) said on Monday it will cut about 400 salaried jobs across its Americas workforce, equal to 9% of that section, with completion targeted by December 2025. The company expects fourth-quarter charges of US$35 million to US$50 million tied to the plan.
The brewer said the restructuring will free funds to reinvest in core categories that include beers, non-alcohol beverages, and energy drinks. The action follows an August outlook that flagged lower annual profit due to aluminum tariffs that raise can costs.
As of year-end 2024, Molson Coors employed about 16,800 people globally, providing scale across US and Canadian operations while concentrating breweries in markets such as Colorado.
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The move lands within weeks of Rahul Goyal’s appointment as chief executive, effective October 1, 2025, as the board transitions leadership from Gavin Hattersley through year-end.
The cuts align with broader cost control across alcohol and adjacent beverage players. Anheuser-Busch InBev reduced US corporate headcount in 2023. Mark Anthony Brewing, owner of White Claw, disclosed 143 job cuts in New Jersey in August 2025, while Constellation Brands trimmed its fiscal 2025 outlook amid weaker demand.
Molson Coors set its Q3 2025 earnings release and call for November 4, 2025, where it is expected to discuss the restructuring cadence, Q4 charge sizing, and any updates to full-year guidance.
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