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Philip Morris to close German factories as cigarette demand declines

Philip Morris to close German factories as cigarette demand declines
A Philip Morris logo is pictured on a factory in Serrieres near Neuchatel, Switzerland December 8, 2017. REUTERS/Denis Balibouse/File Photo
Kiran Paul
By Kiran PaulOct 29, 2024
Kiran Paul
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Marlboro-maker Philip Morris said Tuesday it planned to close down its two production sites in Germany, citing falling demand for cigarettes among Europeans.

"In recent years, demand for cigarettes in Europe has fallen significantly," the company said in a statement, adding that it saw the same trend for roll-your-own tobacco.

"This trend is expected to continue in the coming years," the company said.

Many smokers have been shifting to e-cigarettes, or vapes, and heated-tobacco devices.

Philip Morris employs 372 workers at its factories in Berlin and Dresden. Both sites are scheduled for closure next year.

The tobacco giant said it would begin discussions with labour representatives to find "fair and socially responsible solutions" for staff.

(AFP)

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