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 Manufacture Of Tobacco Products Manufacture Of Tobacco Products 12 - Manufacture of tobacco products
200 jobs Number of planned job losses
Announcement Date
13 April 2006
Employment effect (start)
Foreseen end date
Description
Philipp Morris announced to cut 200 jobs at its Dresden cigarette manufacturing plant. The job reduction plans will predominately affect temporary workers specifically employed to produce rolling tobacco, the company says. The manufacturing of this type of cigarettes is said to be no longer profitable, since an April 2006 decision by the European Unions Court of Justice ruled German tax distinctions between factory produced cigarettes and cigarettes assembled by smokers illegal.
Sources
13 April 2006: Handelsblatt
13 April 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Philip Morris, Internal restructuring in Germany, factsheet number 63335, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63335.
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