**Alert**
MillerCoors Cutting Workforce in Restructure

October 21, 2013Dear Client: BBD has just intercepted an internal memo from Tom Long to DL MillerCoors Employees. "As the U.S. beer industry experiences rapid change, we must revitalize our flagship brands, capture Above Premium growth, simplify our Economy portfolio, and deliver the highest quality products and customer service. This demands greater financial flexibility and less organizational complexity," Tom wrote. Bottom line: To "reduce costs" and "improve execution," MillerCoors will eliminate some 160 open salaried positions and roughly 200 salaried