PERNOD RICARD CLOSING THEIR INDIANA DISTILLERY

Pernod Ricard USA has decided to close their Lawrenceburg, Indiana distillery by 2008 prompted by a study that “clearly showed that we have significant excess capacity,” said Alain Barbet, president and COO of Pernod Ricard USA. "The outstanding work that our employees performed made the study's conclusion even more difficult to accept." The company will close their plant in stages beginning in early 2007. While about 400 employees stand to lose their jobs, some non-manufacturing employees could transfer to an undisclosed new location while others will receive severance and outplacement services.