Thursday, September 12, 2019

Tobacco Company To Cut 2,300 Jobs

The world’s second largest tobacco company by sales looks to streamline its operations. British American Tobacco Plc (BATS.L) said on Thursday it would lay off 2,300 employees globally by January.

The company said the move would impact over 20% of its senior roles as it takes steps to eliminate duplicate roles in its aim to create fewer but larger business units among other things.

BAT plans to cut 2,300 jobs

The “New Category” business includes brands like vuse for e-cigarettes, velo - a nicotine pouch for the gums and glo for tobacco heating devices.

More Tobacco News:

Illinois Raises Smoking Age To 21

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