The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing (12) Manufacture of tobacco products 12 - Manufacture of tobacco products 12 - Manufacture of tobacco products
1,500 jobs Number of planned job losses
Announcement Date
18 November 2003
Employment effect (start)
Foreseen end date
Description
Imperial Tobacco has made significant savings from job cuts, with 1,500 employees being made redundant, half in Germany.
It has now announced plans to build a new factory near Izmir in Turkey, and to launch its West brand in China.
Sources
18 November 2003: The Guardian
Citation
Eurofound (2003), Imperial Tobacco, Internal restructuring in European Union, factsheet number 58929, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/58929.