Categories · Business (Tobacco)
non-USA, by Country · Serbia
Organizations · MO
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Jump to full article: Agence France Presse (AFP) (fr), 2009-07-31
Intro: lobal tobacco giant Philip Morris will dismiss one third of the 910-strong workforce at its Serbian subsidiary in order to keep competitive, Beta news agency reported Friday.
"Detailed analysis showed that for effective and sustainable business, there should be no more than 580 employees" at Duvanska Industrija Nis (DIN), the agency said, quoting a DIN statement.
The job cuts and other measures planned were designed to enable DIN to become increasingly comptetive due to lower prices and overall negative economic trends, the report said.
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