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Bloomberg News

* Japan Tobacco Inc. said it will eliminate 4,500 jobs, or 13% of its global tobacco work force, over five years to boost efficiency after last year’s costly acquisition of RJR International from RJR Nabisco Holdings Corp. The job cuts will be made largely through attrition. JT, which is 67% owned by the Japanese government, also said it will boost overseas sales promotion spending by $100 million this year in an effort to improve brand image. With the RJR International purchase, JT acquired the Camel, Winston and Salem brands and became the world’s No. 3 tobacco group.

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