British American Tobacco (LSE:BATS) has announced a major restructuring programme that will see 5,500 jobs eliminated and a further 3,500 roles transferred to strategic partners. The changes will affect around 20% of the group’s global workforce as the company continues to streamline its operations and improve efficiency.
The restructuring is expected to deliver an additional £600 million (US$793.32 million) in annual cost savings by 2028. The new programme builds on British American Tobacco’s existing efficiency initiatives, which were already targeting £500 million of annual savings by 2027.
The latest measures form part of the company’s broader strategy to strengthen profitability, simplify its operating model and improve long-term financial performance as it adapts to changing market conditions and evolving consumer demand.
More about British American Tobacco
British American Tobacco is one of the world’s largest consumer goods companies, producing cigarettes, smokeless tobacco products and a growing portfolio of reduced-risk alternatives, including vapour, heated tobacco and modern oral nicotine products. Operating in markets around the world, the company is focused on transforming its business towards non-combustible products while improving operational efficiency and shareholder returns.
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