Molson Coors Confirms 400 Job Cuts; Moncton Plant in Uncertainty

URGENT UPDATE: Molson Coors has just announced a drastic plan to eliminate 400 positions, representing 9% of its workforce across North America, leaving the future of the Moncton plant uncertain. This major restructuring is affecting employees in the United States, Canada, and Latin America.

In a statement to CTV News, Molson spokesperson Alexandra Sockett confirmed that while the restructuring will impact many, no Canadian breweries or offices will close as part of this plan. However, it remains unclear how the cuts will specifically affect the Molson Brewery located on MacNaughton Avenue in the Caledonia Industrial Park, which has been operational for 18 years.

The company previously forecasted a decline in annual profits back in August, citing the rising costs of aluminum tariffs as a contributing factor. This announcement raises significant concerns not only for the employees but also for the local economy in Moncton, where the brewery plays a key role.

As the situation develops, industry experts will be monitoring how these job cuts could reshape operations across North America. Employees and their families are left in limbo, awaiting further details on the restructuring’s impact.

Stay tuned for more updates as this story unfolds. For immediate news alerts, download the CTV News App.