Imperial Brands to cut thousands of jobs in U.S. and Europe, Bloomberg News
The first phase will hit ITG Brands staff in human resources, finance and supply chain as Imperial Brands seeks to lower costs.
- On Monday, Bloomberg reported Imperial Brands is preparing to cut thousands of jobs across the United States and Europe to reduce costs. Investors reacted sharply, sending shares down 4.55% following the announcement.
- Imperial Brands, the world's fourth-largest tobacco group, faces terminal decline in traditional cigarette demand across Western markets. The restructuring aims to reduce overhead while competing with Philip Morris International and British American Tobacco.
- The first phase targets HR, finance, procurement, and supply chain roles at ITG Brands, which covers the United States, Dominican Republic, and Puerto Rico. Notifications begin as early as Aug. 19, with some roles outsourced to Capgemini by year-end.
- A second phase will affect legal, marketing, and insights teams, with notifications expected in April and cuts beginning mid-year. A company spokesperson said changes will have broad organizational impact, though total job losses remain undisclosed.
- With about 25,800 staff globally at the end of 2025, Imperial Brands faces a restructuring that could continue into 2027. The lack of specific job loss figures leaves investors and employees uncertain about the final scale of workforce reduction.
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Imperial Brands job cuts: Tobacco giant plans thousands of layoffs in US
Imperial Brands is preparing to cut thousands of jobs in the United States and Europe as the tobacco company moves ahead with a sweeping cost-cutting and restructuring plan, according to a Bloomberg report. Shares of the FTSE 100-listed company fell more than 4.5% on Monday following the report. Imperial Brands owns cigarette brands including Winston, Davidoff and Gauloises. The first wave of job cuts is expected to affect employees at ITG Brand…
Imperial Brands to cut thousands of jobs in U.S. and Europe, Bloomberg News reports
Britain's Imperial Brands is preparing to cut thousands of jobs in key markets, including the United States and Europe, to reduce costs, Bloomberg News reported on Monday citing people familiar with the matter.
According to information provided by Automobilwoche, VW intends to sell its share of the development service provider IAV to Accenture in 2026. Only last week IAV had presented a future collective agreement – including the reduction of more than 2000 of the approximately 5000 German jobs. The article Autokrisis: IAV cuts over 2000 jobs – is now also about to be sold? appeared first on ingenieur.de - Jobbörse und Nachrichtenportal für Ingenieure.
Imperial Brands finalises the fringes of a job cut that will affect thousands of workers. The British tobacco company, owner of the Nobel and Fortune brands, has specified that the measure is part of a large cost reduction plan and has specified that it includes Europe and the United States. This is collected by sources close to the operation cited by Bloomberg, who have also pointed out that the cigarette manufacturer will begin to notify the a…
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