UK cigarette giant BAT to cut 5,500 jobs globally - Companies - The Jakarta Post

Companies

The maker of Lucky Strike and Dunhill cigarettes aims to save £600 million ($792 million) a year by 2028 in a restructuring that will affect around 20 percent of BAT's 47,000-member workforce, it said in a statement.

A stock illustration of a cigarette pack. (Shutterstock/Andrew Angelov)

British American Tobacco announced Monday sweeping job cuts as the cigarette maker axes 5,500 roles globally and outsources another 3,500 to help slash costs.The maker of Lucky Strike and Dunhill cigarettes aims to save £600 million ($792 million) a year by 2028 in a restructuring that will affect around 20 percent of BAT's 47,000-member workforce, it said in a statement.

BAT, along with other tobacco majors, faces declining demand for traditional cigarettes, and is turning its focus instead to newer categories including vapes and oral nicotine products.