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The significant job cuts and projected declines in sales and earnings create a negative outlook. Historical precedents, such as similar layoffs, have usually led to stock price declines.
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Molson Coors to cut 400 jobs, 9% of U.S. workforce. Projected net sales to drop 3% to 4% amid weak beer demand. Earnings before taxes may fall by 12% to 15%, increasing investor concerns. Restructuring will involve $35M to $50M in fourth-quarter charges. Focus on core beer and growth in non-alcoholic beverages.
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