Thursday, October 2, 2014   

Imperial Tobacco announces closure of factories in Britain, France
(04-15 19:03)

Imperial Tobacco on Tuesday announced the closure of factories in Britain and France with the loss of 900 jobs, citing declining sales in Europe, tougher anti-smoking measures and the growth of contraband sales.
The two factories concerned are at Carquefou, near Nantes in western France, where 327 people are employed, and Nottingham in central England, which has 540 staff.
The company told unions at its French subsidiary Seita that a total of 366 jobs will go in France, where it employs 1,150 people, and 130 new jobs will be created in Poland.
The move means Gauloises, one of the most famous brands owned by Imperial, will be almost exclusively produced outside France.
The company's portfolio also includes Davidoff cigarettes, Golden Virginia loose tobacco and Rizla rolling papers.
In a statement, Imperial which employs 35,000 people in 160 countries, said it was undertaking "a number of restructuring projects to strengthen the group's competitive position.''
It said the measures, including the two factory closures, would be implemented over the next two years.
"The proposed closures reflect declining industry volumes in Europe, impacted by tough economic conditions, increasing regulation and excise and growth in illicit trade,'' the statement said.
"Production has been affected at the Nottingham and Nantes sites, which now utilize less than half their manufacturing capacity.''
Imperial's chief executive, Alison Cooper, added: "These projects are an essential part of securing the sustainable future of the business.
"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.''
The company said the cuts would deliver savings of US$500 million a year from September 2018. --AFP   
Other Business breaking news:
China eases home purchase restriction (09-30 18:12)
Eurozone inflation drops, unemployment steady (09-30 17:54)
Apple to launch iPhone 6 in China from October 17 (09-30 17:38)
German unemployment rate steady in September: official data (09-30 16:44)
Hang Seng plunges ahead of holidays (09-30 16:36)
French public debt over 2.0 trillion euros for first time: data (09-30 14:59)
German retail sales climb in August (09-30 14:25)
China September PMI misses estimate: HSBC (09-30 14:05)
China clears way for Apple iPhone 6 sales: regulator (09-30 13:50)
Hang Seng falls by lunch (09-30 12:27)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.