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.

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. Large-scale batteries are integral in shift to renewable energy
  2. PPG to buy Westmoreland Supply paint store chain
  3. Open enrollment puts varied impact of health care law back in focus
  4. Hackers rip into heart of open-source software
  5. Plastics, tech sectors crucial to cracker plants
  6. Energy Spotlight: Steve Anthos
  7. Duquesne University business center helping Hispanic startups
  8. Student loan debt presents paradox
  9. Mortgage in reach despite few dings
  10. Small businesses plan for profitable winter
Subscribe today! Click here for our subscription offers.