TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Philip Morris to end cigarette production in Netherlands

By The Associated Press
Saturday, April 5, 2014, 12:01 a.m.
 

Philip Morris International will end cigarette production at its factory in the Netherlands as more Europeans break the smoking habit for financial and health reasons.

The company said Friday that it has started talks with employee representatives on a proposal to end production at the factory in Bergen op Zoom. If production is ended, it could impact about 1,230 of the site's 1,371 employees.

Philip Morris International Inc., based in New York, reports that in the past four years, cigarette sales have decreased in Europe because of economic weakness, illicit trade and consumers shifting to cheaper alternative products. The company said that volume recovery is highly unlikely.

Europeans are also quitting.

Philip Morris Holland anticipates cigarette production at the factory will end by October.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Pittsburgh Brewing tries to reconnect with region, return to glory days
  2. Hiring in shale industry shifts to engineering, construction workers
  3. EPA hearings to bring coal debate to Pittsburgh streets
  4. Hotels, restaurants lead job additions in Pittsburgh region
  5. Consol Energy posts $25 million loss despite gas gains
  6. Central Blood Bank parent in merger talks with Florida system
  7. Findlay solar parts manufacturer owed additional $27M, judge decides
  8. Construction of $500M power plant in South Huntingdon stalled
  9. Stocks end with little change as investors await Fed moves, jobs report
  10. Dollar Tree set to spend $8.5B on Family Dollar
  11. FAA proposes $12M safety fine against Southwest
Subscribe today! Click here for our subscription offers.