british american tobacco news writes down $31.5 billion as it shifts its business away from cigarettes ET - British American Tobacco

ET British American Tobacco is undertaking a restructuring exercise that will cut nearly 9,000 jobs. The cigarette maker will eliminate 5,500 roles, while 3,500 roles will be outsourced to third parties. #layoff # 3.12% for British American Tobacco stock as price sees strong session gains British American Tobacco Press Releases British American Tobacco (BAT) is closing its only cigarette manufacturing plant in South Africa because of the growth of illegal cigarette trading. BAT South Africa says it will stop making factory manufactured cigarettes British American Tobacco to Cut 9,000 Jobs in Global Pivot Whalesbook

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