Brown-Forman, the Kentucky spirits company that makes Jack Daniel’s Tennessee Whiskey and Woodford Reserve Bourbon, announced it will lay off 12% of its workforce and close its Louisville cooperage.

Forman, which is expected to generate up to $80 million in annual savings, comes as inflation and changing consumer tastes cut into spirits sales.

Related: Popular vodka brand sold after spirits sales slump However, everything that goes up has to come down at some point, and the spirits and wine markets are experiencing this harsh fall firsthand.

Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville.

Brown-Forman, the parent company behind major American whiskey brands Jack Daniel's and Woodford Reserve, announced that it was cutting 12 percent of its global workforce and selling its Louisville cooperage.

We talk about difficulties facing the bourbon market — and how it might impact tourism —on this week's Access Louisville podcast.

By McKenna Horsley Kentucky Lantern The Brown-Forman Corp., a giant spirts company based in Kentucky, announced Tuesday it plans to reduce its global workforce by 12% as part of a “a series of strategic initiatives to position the company for continued growth in the dynamic global spirits market.

Jack Daniel's Parent Brown-Forman Is Cutting Its Workforce and Closing Its Barrel-Making Plant LOUISVILLE ... that will someday reach the market. In Kentucky, a record 14.3 million barrels ...

LOUISVILLE, Ky ... industry a half-billion dollars in exports since 2018, it said. Kentucky and Tennessee, where Jack Daniel's is crafted, overwhelmingly backed Trump in last year's election.

LOUISVILLE, Ky ... a half-billion dollars in exports since 2018, it said. Kentucky and Tennessee, where Jack Daniel’s is crafted, overwhelmingly backed Trump in last year’s election.

Brown-Forman, one of the largest spirits conglomerates, has announced that it will be reducing its global workforce by about 12% and closing its hometown barrel-making plant in Louisville. This anno

Lawmakers, Supreme Court justices and tech industry leaders got samples of a Kentucky gem while at the Inauguration luncheon Monday.