Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville. The cost-cutting moves come as American whiskey producers face challenges from changing consumer trends and tariff threats. Brown-Forman's actions are projected to reap $70 million to $80 million in annualized cost savings. The company says it plans to reinvest part those savings in its growth strategy. Brown-Forman is based in Louisville and its flagship brand is Jack Daniel’s. It says its cooperage, where its barrels are made, will close by April 25, affecting about 210 hourly and salaried employees.
