DENVER (KDVR) — Beverage giant Molson Coors Beverage Company announced Monday it was restructured 400 of its paid positions were eliminated as part of the operation.
These 400 jobs equate to about 9% of the company’s salaried workforce in the Americas, the company said.
In an announcement Monday, the company, which includes major brewery operations in Golden, said its restructuring plan aims to create a “leaner, more agile U.S. organization while enhancing its ability to reinvest in the business and position the company for further growth.”
By the end of December 2025, Molson Coors will eliminate approximately 400 salaried positions across its Americas business unit. The positions include hundreds that Molson Coors said was open from role prioritization efforts earlier this year, as well as individuals who will take voluntary severance due to restructuring.
“We have made progress on our transformation journey, but given the environment, we must transform faster. To win our customers and consumers and return to growth, we must move with urgency and make bolder decisions,” Rahul Goyal, the company’s president and CEO, said in the company’s announcement on Monday. “We are moving quickly and deliberately on a long-term, achievable strategy that continues our journey to becoming a fully integrated beverage company and which we believe puts us on a path toward sustainable growth. We look forward to sharing more details about this strategy in the coming months.”
With the restructuring, Molson Coors said it aims to focus on both its beer portfolio and expand it into categories such as premium mixers, non-alcoholic beverages and energy drinks.
In addition, Corus said it expects to incur between $35 million and $50 million, “substantially all” related to cash severance payments and post-employment benefits.
“These are never easy decisions, and I am grateful to those who are leaving for their many contributions and to those who will continue to guide us on our journey of growth,” Rahul added in the announcement.
On October 1, the company held its meeting Q2 earnings call with investors. The meeting’s presentation showed that its brand volume in the Americas was down 4% and net sales were down 2.6%. The company also shared its full-year 2025 outlook, which showed that the company expects to see a 3-4% decline in net sales and constant currency revenue growth.
The company did not say what positions would be eliminated as part of the restructuring, or where they were located, outside of the Americas.
Molson Coors employs more than 16,000 people across its global company It says on its website that Golden Brewery is hiring Just under 850 employees.