BAR sponsor to cut jobs
BAR sponsor British American Tobacco has announced job losses in Britain and Canada, in an attempt to cut production costs and reduce the impact of a price war in the US. The move, which follows 430 job losses last month at rival Gallaher, will result in the loss of 1000 jobs. According to The Financial Times, investment bank JP Morgan says that the group could close as many as 18 of its 90 factories over the next five years.
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