Lauren Almeida reports:
British American Tobacco (BAT) will cut about a fifth of its 47,000-strong workforce this year, as the cigarette-maker looks for ways to push down costs and become more “technology enabled”.
BAT, which is one of the biggest tobacco groups in the world, has announced it will cut 5,500 jobs by the end of the year and outsource a further 3,500, affecting a total of 9,000 employees.
The FTSE 100 company is grappling with falling demand for traditional cigarettes and pressure to invest in nicotine alternatives.
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