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BAT stubs out 2,300 jobs as new CEO tackles tobacco sector changes

BAT stubs out 2,300 jobs as new CEO tackles tobacco sector changes

12.9.2019

BAT stubs out 2,300 jobs as new CEO tackles tobacco sector changes

British Am erican Tobacco plans to lay off 4% of its workforce, including a fifth...

Shares of the second-largest tobacco company by sales were up 1.6 %, the biggest boost to the broader FTSE index

The move by BAT, which employed more than 56,000 people at the end of last year, 629 of them senior managers, comes a day after President Donald Trump said that the U.S. would remove all flavored e-cigarettes from shelves, as officials warned millions of children had been drawn into nicotine addiction.

There has been growing concern on the safety of vaping after health officials reported 450 cases of vaping-related lung illness and six deaths linked to its use in the United States.

) Juul to capture nearly three-quarters of the new market.

It expects the business to generate constant currency revenue of 1.19 billion-1.375 billion pounds this fiscal year.

Read more: Reuters Top News

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British American Tobacco to cut 2,300 jobs by Jan 2020British Am erican Tobacco Plc said on Thursday it would lay off 2,300 employees g... Oh no, what will give us lung cancer if they go bankrupt?! 😰 Recessions is coming

Blink-182 were goof-punks with cute videos. Twenty years later, they're having the last laughDespite a tumultuous lineup change in 2015, the trio remain a rock staple, and their new album tackles modern sounds and the plague of mass shootings. Nobody likes you when you're 43

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