Altria to Cut Cigarette Workforce

(CSP) In a move attributed to cigarette volume declines following the 158% increase in federal excise taxes in April 2009, Altria Group Inc. announced yesterday that it will be cutting its cigarette-related salaried workforce.
During a third-quarter earnings call Thursday morning, Mike Szymanczyk, chairman and CEO, said the company plans a $400-million cost-reduction program in its cigarette infrastructure. ... The cuts will amount to the company’s cigarette-related salaried workforce being cut by about 15%, according to the Wall Street Journal. Continued