Business

Brown-Forman announces that it will cut 250 jobs

LOUISVILLE — Louisville-based liquor company Brown-Forman has announced plans to reduce its work force by about 250 employees. It's part of a cost-cutting move expected to save $15 million to $25 million in the next fiscal year.

The maker of Jack Daniel's Tennessee Whiskey says most of the job cuts will occur in the United States and Mexico, with fewer positions eliminated in Europe and the Asia-Pacific region.

Brown-Forman currently has a work force of 4,100 people.

Chief executive Paul Varga said the cutbacks are difficult but necessary in the "uncertain and challenging environment."

The company said it's also offering early retirement to certain U.S. workers, eliminating merit increases for all employees and cutting discretionary spending.

The company's other brands include Southern Comfort and Finlandia.

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