Imperial Tobacco, manufacturer of Davidoff cigarettes and West, announced the forthcoming reduction of state employees at its 2440 people, 100 of whom will be dismissed from the company's unit in Russia. It is reported AFP. Most of the layoffs affect units of the French company, where 1060 people will lose work. In addition Imperial Tobacco plans to lay off 830 people in Spain, 260 - in Britain, 250 - and 100 in Germany - in Russia. Another 140 employees will lose work in offices Imperial Tobacco in Belgium, Italy, Slovakia and Ukraine. In doing so, tobacco companies will create 200 jobs in Poland.
Dismissals will be held as part of a plan to restructure business Imperial Tobacco, which resulted in the company by 2010 could save up to 300 million euros a year, the agency Thomson Financial. After that, annual savings Imperial Tobacco will increase to 400 million euros by 2012.
Imperial Tobacco began restructuring the business after the completion of the transaction to absorb the tobacco company Altadis. As a result of the merger was formed the second largest tobacco company in Europe after Philip Morris. The cost of the transaction amounted to 12.8 billion euros. Imperial Tobacco production capacity increased to 312 billion cigarettes a year.
Imperial Tobacco is the fourth-largest tobacco company in the world. It was founded in 1901 in Britain. Net profit company in 2007 amounted to 1.8 billion dollars.