CHICAGO — Molson Coors Beverage Co. (NYSE: TAP) is slashing 400 jobs across the Americas as part of a restructuring plan.

Chicago-based Molson Coors said the cuts are expected to be complete by the end of the year and include “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 cuts amount to 9% of the company’s salaried workforce in the Americas, with the impact on the company’s Golden brewery unclear.

“We’ve made progress on our transformation journey, but given the environment, we must transform even faster. To win with our customers and consumers and return to growth, we must move with urgency and make bolder decisions,” Rahul Goyal,

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