British American Tobacco (BAT) will cut a total of 2,300 jobs worldwide up to and including January 2020. The British tobacco manufacturer wants to simplify the operational structure of the company.
Redundancies are also being made at management level: here no less than one in five positions is disappearing. The company is also active in the Netherlands, but it is not clear whether jobs will disappear here. The relevant employees will be informed on Thursday.
CEO Jack Bowles took over five months ago and now says in a press release that he wanted to make BAT a "stronger, simpler and faster organization". The redundancies are, according to him, a first step in achieving this.
The company also states in the press release that the goal is to increase the turnover of "new categories" such as the e-cigarette by 2024 to £ 5 billion (€ 5.6 billion).
Among other things, BAT produces the brands Lucky Strike, Pall Mall and Kent.