British American Tobacco is cutting its workforce by 9,000 as part of a major overhaul to save £600 million a year by 2028. The tobacco giant, which makes Dunhill and Lucky Strike, is eliminating 5,500 jobs directly and outsourcing a further 3,500 roles to partner businesses such as Accenture. The cuts, the majority of which have already taken place, are set to be completed by the end of the year and affect various markets excluding the US. The restructuring is part of the Fit2Win cost-saving strategy launched last year to make the company more agile and cost disciplined. Chief Executive Tadeu Marroco said the changes affect many colleagues and the company is focused on supporting them through the transition.
British American Tobacco PLCBAT cutting 9,000 jobs as part of cost-saving restructuring to save £600m annually
Accenture plcAccenture gains outsourcing business from BAT's 3,500 role transfer
Bill Com Holdings Inc