Eagle Rock Distributing Co. has announced layoffs affecting a significant portion of its Colorado workforce. The layoffs follow an agreement for Southern Glazer’s Wine & Spirits to acquire Eagle Rock's Colorado operations. The announcement was made in early April.
What happened
Eagle Rock Distributing Co. filed a notice with the Colorado Department of Labor and Employment regarding upcoming layoffs. This action follows Southern Glazer’s Wine & Spirits' acquisition of Eagle Rock's Colorado operations.
How many employees affected
The layoff will affect 514 employees statewide.
Why layoffs happened
The layoffs are a consequence of Southern Glazer’s Wine & Spirits acquiring Eagle Rock Distributing Co.’s Colorado operations.
Company background
Eagle Rock Distributing Co. is a total beverage distributor in Colorado. Southern Glazer’s Wine & Spirits is a prominent distributor of alcoholic beverages.
Industry impact
The acquisition and subsequent layoffs signal a shift in the distribution landscape within Colorado's beverage industry.
What's next
The layoffs are scheduled to begin on June 6. Affected employees will be separated from the company at that time.