(This story has been updated with new information.)

Kentucky bourbon has taken another hit as the economy and global trade conditions continue to prove challenging for the industry.

According to an Aug. 19 Worker Adjustment and Retraining Notification, Kentucky Cooperage , a subsidiary of the family-owned Independent Stave Co. known for making staves, mulch and barrels, will lay off 112 employees from its Lebanon facility Oct. 19.

"Kentucky Cooperage has concluded that it, unfortunately, must significantly reduce its employment at its Lebanon manufacturing facility located at 712 E. Main St.," the letter stated.

"We have made a strategic decision to consolidate operations to a single shift at Kentucky Cooperage. This step is part of a well thought-out plan to ensure long-term stren

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