Imperial Brands will cut thousands of jobs in the U.S. and Europe, according to Bloomberg News. This was reported by Qazaqyia.kz citing Reuters.
The move is part of a major restructuring plan aimed at streamlining the company's global operations. The cuts will primarily affect offices and production facilities in the U.S. and Europe.
Details, including exact numbers and timelines, have not yet been disclosed in the initial Bloomberg News report. Imperial Brands is one of the world's largest tobacco product manufacturers, and this decision could significantly impact the company's future strategy.