MillerCoors cuts jobs after merger
MILWAUKEE (AP) — MillerCoors LLC said Wednesday it has cut 269 jobs so far as part of its efforts to save money.
The joint venture between SABMiller’s U.S. unit and Molson Coors Brewing Co. said it was on track to cut $500 million in spending over the next three years, and would realize $50 million in savings by the end of June, which is earlier than it had expected.
Of the most recent cuts, 100 were in Milwaukee, spokesman Julian Green said. That is where SABMiller’s U.S. unit was based. He said it was unclear how many of the remainder of those cuts came from Golden, Colo., where Molson Coors is based.
He said jobs could have come from other areas as well.
Green said the company plans to cut between 300 and 350 jobs in the next six months. The company plans to open a new headquarters in Chicago in June.
MillerCoors said Wednesday its net income for the combined company was 15 percent higher than the total they had posted a year earlier, when they were separate.
Total sales at MillerCoors, which started July 1, increased 2.1 percent to $1.95 billion.
It is aiming to cut costs to better compete with industry leader Anheuser-Busch Cos. Inc., which is preparing to sell itself to Belgian brewer InBev SA.
Nov 5, 2008 at 10:51 p.m.
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ive been drinking i meant dont instead of cont
Nov 5, 2008 at 10:49 p.m.
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just another reason why i cont buy any of their crap beer. Be local buy local craft beer. Don't be scared taste is a good thing.
Nov 5, 2008 at 9:51 p.m.
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tguy
Drink Hams . It`s cheeper------Drink nothing thats even cheeper..
Nov 5, 2008 at 9:38 p.m.
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And news of this comes as a suprise to who???
Mergers = job eliminations.
Tguy....Hamms is nice, try Grain Belt. They both are "from the land of sky blue waters"......
Nov 5, 2008 at 9:02 p.m.
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Drink Hams . It`s cheeper
Nov 5, 2008 at 8:53 p.m.
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Leine's is actually owned by Miller. Leine's still brews their own beer and is basically independent, but at the end of the day, Miller is the one who sees their profits.
Nov 5, 2008 at 8:19 p.m.
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Well, I guess I'm switching to Leinies full time now, I betcha they won't leave Wisconsin.
Nov 5, 2008 at 7:39 p.m.
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Does this mean the price of my beer will go up ???
However will I drown my sorrows now ??
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