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ECONOMY: Japan Tobacco suffers from competition and plans cuts in the workforce!

ECONOMY: Japan Tobacco suffers from competition and plans cuts in the workforce!

Hard to cash for a monster like Japan Tobacco. The current number three worldwide cigarette provides for a major reorganization of its administrative functions (excluding Japan) that should affect 3720 employees, 6% of its total workforce, confirmed Tuesday to AFP a spokesman for the group.


SEVERE CUTS IN GLOBAL WORKFORCE!


His international division JTI to refocus its service activities on three sites: Warsaw (Poland), St. Petersburg (Russia) and Manila in the Philippines, said this spokesman in an email to AFP.

« Unfortunately, this proposal is likely to affect our existing service centers in Manchester in the UK and Kuala Lumpur in Malaysia in the next two years", According to the same source.

Japan Tobacco also confirmed that close to 270 job cuts were planned at JTI headquarters in Geneva, Switzerland, which currently has some 1100 employees.

In total, " 3720 employees will be affected By all of these measures in the next three years", Added the spokesman, without being able to specify the form that could take these reductions of manpower. At the same time, the group plans to create 1300 new positions in its maintained and strengthened service centers, he said.


A GROWING COMPETITION OF THE E-CIGARETTE THAT MAKES EVIL!


Manufacturer and seller of several major global brands of cigarettes (Camel, Winston, Mevius), Japan Tobacco suffers from the growing competitor of electronic cigarettes, while its own product alternative, the tobacco vaporizer Ploom Tech, knows for the time a mixed success.

The group could also be threatened in case of remarriage between the American giants of tobacco Philip Morris International et Altria, who confirmed at the end of August to be in talks to join forces against the inexorable decline of tobacco in the world, after having separated a decade ago.

source : Lalibre.be/
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