Tobacco giant Altria announces layoffs to cut costs
Story Date: 2/1/2016

 

Source: Tripp Mickle and Chelsey Dulaney, MARKET WATCH, 1/28/16

U.S. tobacco giant Altria Group Inc. MO, +2.48%   on Thursday said it would cut roughly 5% of its workforce in an effort to reduce costs by $300 million annually as industry volumes decline.

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