TribLIVE

| Business


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

Philip Morris to end cigarette production in Netherlands

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Big banks’ levels of capital strong, Federal Reserve finds
  2. Wolf reverses Corbett, says deal between Highmark, UPMC doesn’t limit continuity of care to very ill
  3. AbbVie to buy leukemia drugmaker Pharmacyclics for $21 billion
  4. Race toward bigger phones eases
  5. Researchers: U.S. lacks proving ground for nuclear energy innovations
  6. Americans see improved job market but a vulnerable economy, Pew poll finds
  7. IPO might test Etsy’s approach to commerce
  8. Oakland firm Qualaris Healthcare’s software saves time in hospitals
  9. Lower tax rate to help Mylan extend buying spree
  10. Stocks snap losing streak as ECB reveals stimulus start date
  11. Worker productivity falls faster than estimated; labor costs rise