<h1>Brown-Forman to Cut 12% of Global Workforce, Close Louisville Plant to Save $70-$80M Annually.</h1> Brown-Forman Corp., the parent company of Jack Daniel's, is cutting its global workforce by 12% and closing its Louisville barrel-making plant, affecting 210 employees. These measures aim to save $70-$80 million annually, with some savings reinvested in growth strategies. The closure is part of broader challenges faced by American whiskey producers, including changing consumer trends and potential tariff threats. Brown-Forman will source barrels externally and expects $30 million from selling cooperage assets. The company also announced executive changes and reported a 5% decline in net sales due to divestitures and challenging economic conditions. The whiskey industry faces potential EU tariffs and changing consumer habits.