BAT plans 2,300 job cuts as tobacco companies face pressure

GENEVA: British American Tobacco Plc plans to cut 2,300 jobs as cigarette sales continue to decline in major markets and US President Donald Trump vows to tighten restrictions on new alternatives to smoking.

BAT expects to complete the job cuts, which will affect one in five management positions, by January, the company said Thursday. The company employed more than 95,000 people in 2018.