Type
Closure
Country
Germany
Region
Bayern; Oberbayern; M√ľnchen
Location of affected unit(s)
Munich
Sector
Manufacturing
Manufacture Of Tobacco Products
Manufacture Of Tobacco Products
12 - Manufacture of tobacco products

400 jobs
Number of planned job losses
Job loss
Announcement Date
7 July 2006
Employment effect (start)
Foreseen end date

Description

Tobacco manufacturer Philip Morris announced to shut down one of its three German manufacturing plants for cigarettes(Munich) in 2009. 400 workers will be dismissed. Philip Morris keeps 37% of the German cigarette market, yet declared the plant closure to be a consequence of a 32% decline of cigarette selling since 2002.


Sources

  • 7 July 2006: Financial Times Deutschland

Citation

Eurofound (2006), Philip Morris, Closure in Germany, factsheet number 63755, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63755.