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 world number three in cigarettes is planning a vast reorganization of its administrative functions (excluding Japan) which should affect 3720 employees, or 6% of its total workforce, a spokesperson for the group confirmed to AFP on Tuesday.


SEVERE CUTS IN GLOBAL WORKFORCE!


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

« Unfortunately, this proposal risks impacting our existing service centers in Manchester, UK and Kuala Lumpur, Malaysia within 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 spokesperson, without being able to specify the form that these workforce reductions could take. At the same time, the group plans to create 1300 new positions in its maintained and strengthened service centers, he said.


INCREASING COMPETITION FROM THE HARMFUL E-CIGARETTE!


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 Ploom Tech tobacco vaporizer, is currently enjoying 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 that they were in talks to join forces in the face of the inexorable decline of tobacco in the world, after having separated about ten years ago.

Source : Lalibre.be/
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