Imperial Tobacco in Europe – To cut 900 jobs

Imperial Tobacco Group PLC Tuesday announced restructuring measures in Europe that will result in up to 900 job losses. 

The restructuring is part of a cost-optimization program that will deliver savings of GBP300 million ($502 million) a year from September 2018, said Imperial, whose cigarette brands include Davidoff and Gauloises.

The projects are planned to be implemented progressively over the next two years and include the proposed closure of cigarette factories in Nottingham, the U.K. and Nantes, France, it said.

“The prospect of job losses is always regrettable and we will be doing all we can to support employees and ensure that they are treated in a fair and responsible manner,” said Chief Executive Alison Cooper.

Chosen excerpts by Job Market Monitor. Read the whole story at Imperial Tobacco to close factories, cut 900 jobs – MarketWatch.