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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News
Ge-Shen terminates JB land sale
UWC's 1Q net profit rises to RM17.11mil on higher order flows
Aeon Credit issues 11th senior sukuk worth RM200mil
Ringgit continues to climb against greenback ahead of US NFP data
BPMB provides RM97.63mil financing facility to Johor's Coronade Properties
GDB announces board realignment to head expansion into East Malaysia
Velesto divests NAGA 3 jack-up drilling rig for RM258mil
Bursa Malaysia closes higher for fourth consecutive session
PTT Synergy accepts RM35.88mil construction job from Sime Darby Property
Carimin Petroleum unit bags RM33.98mil PETRONAS Gas contract

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.