Molson Coors to reduce 9% of Americas business salaried workforce

Molson Coors (TAP) announced a corporate restructuring plan. In total, the company plans to eliminate approximately 400 salaried positions across its Americas business by the end of December 2025, including hundreds of salaried positions that were already open from role prioritization efforts put in place earlier this year, and those who may be granted voluntary severance as part of this restructuring. The plan is estimated to result in the reduction of approximately 9% of the company’s Americas business salaried workforce. In connection with the restructuring, the company currently expects to incur certain related charges in the range of $35M-$50M, substantially all of which relate to primarily cash severance payments and post-employment benefits to be incurred in the fourth quarter of 2025. These cash payments are expected to be made over the next twelve months. These one-time costs will vary based on specific employee elections during the workforce reduction.