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· Business (Tobacco)
non-USA, by Country
· Cyprus
Organizations
· BAT
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Jump to full article: Financial Mirror (uk), 2005-11-04
Author: keyword
Intro: British American Tobacco, Cyprus, one of the oldest tobacco industries on the island, has announced plans to shut down its factory in Nicosia and lay off its 200 or so workers.
A company announcement justified the closure decision on the drastic fall of production, due to a 50% fall in exports.
Managing Director Soteris Constantinou said that negotiations are already underway with the labour groups to ensure the smooth end of the operations.
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