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MillerCoors is slashing jobs as Coors Light struggles and millennials ditch beer (TAP) [The Business Insider]

MOLSON COORS BREWING (TAP.A)  More Company Research Source: The Business Insider
US:NYSE Investor Relations: ir.molsoncoors.com/overview/default.aspx
PDF Coors Light is struggling. REUTERS/Rick Wilking MillerCoors is slashing roughly 350 jobs, the beer giant announced on Tuesday. We are moving quickly and decisively to get our business back on track, MillerCoors CEO Gavin Hattersley said in an email to distributors. MillerCoors has struggled to grow sales as millennials ditch beer. Coors Light, specifically, has dragged down business, according to the company. MillerCoors is slashing jobs as millennials ditch beer. On Tuesday, the brewer announced it was restructuring, eliminating roughly 350 salaried positions across the company. We are moving quickly and decisively to get our business back on track, MillerCoors CEO Gavin Hattersley said in an email to distributors, according to a news report on the company's website. MillerCoors acknowledged that the move comes after several years of declining sales by volume, as the c [Read more]

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