MOLSON Inc. has announced that it will close its Regina, Saskatchewan brewery as part of a cost-cutting scheme, which will save the company $150 million (CND) over a period of three years.

"Our review of our capacity utilisation in our western Canadian brewery network has unfortunately led us to make this difficult decision," said Daniel J. O'Neill, Molson President and CEO.

The Regina brewery, which employs 85 people will shut in March 2002.

The Montreal based company said it will be "offering alternative opportunities ...

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