Beer maker Molson Brewing will cut nearly 400 IT, HR and finance jobs, the Associated Press reported Thursday. The jobs will be outsourced to Hewlett-Packard.
Molson hopes that the cuts, impacting 4 percent of its global work force, will allow the company to save $250 million over three years. The cuts will come from all three of its operating divisions: Coors Brewing Co., in Golden, Colo., Coors Brewing Ltd., in England, and Molson, in Toronto.
Most of the functions that will be taken over by HP are expected to end up in Canada, Costa Rica, India, Puerto Rico and Poland. Approximately 40 workers will be transferred to HP’s Palo Alto, Calif., headquarters, while the other 350 will be laid off.
“Cost pressures in the brewing industry continue to escalate,” spokeswoman Kabira Hatland told the AP. “To stay competitive, we have to continue to manage costs.”
Hatland also said that dismissed employees will be offered job counseling.