[Headlines Only] [Top Stories Only]
Categories
· Agricultural
· Business (Tobacco)
non-USA, by Country
· Italy
Organizations
· Stw

Standard Commercial Gives Italy the Boot 

Jump to full article: thestreet.com, 2004-09-18
Author: TSC Staff 9/17/2004 5:08 PM EDT

Intro:

Standard Commercial (STW:NYSE) will lay off 62 workers by next spring as it shuts down its tobacco processing operations in Italy.

The Wilson, N.C., tobacco leaf merchant said it expects to take a charge of $16 million to $20 million in its third quarter ending Sept. 30 to cover initial costs of the move. Standard Commercial said it could take further charges to complete the shutdown.

Jump to full article »