Altria cuts jobs because of economic uncertainty
Altria Group, the owner of the nation’s biggest cigarette maker, confirmed on Tuesday that it has started to cut jobs because of the widespread economic turmoil.
A spokesman declined to say how many cuts would be made but said they were planned for employees of parent company Altria and its cigarette unit, Philip Morris USA.
Altria Group, the owner of the nation’s biggest cigarette maker, confirmed on Tuesday that it has started to cut jobs because of the widespread economic turmoil.
A spokesman declined to say how many cuts would be made but said they were planned for employees of parent company Altria and its cigarette unit, Philip Morris USA. Both are based in Richmond.
Altria Group Inc. also owns cigar maker John Middleton and is buying smokeless tobacco company UST Inc. to pursue growth outside of cigarettes, which are in less demand from American consumers.
Spokesman David Sylvia confirmed that the company is cutting jobs and said it is deciding how many layoffs there will be between now and February. He said departments that would lose employees have been told that there
would be cuts.
Brief by The Associated Press
