Al­tria clos­ing two man­u­fac­tur­ing sites

Daily Freeman (Kingston, NY) - - BUSINESS -

Al­tria, the maker of Marl­boro cig­a­rettes, says it will close two of its man­u­fac­tur­ing fa­cil­i­ties by early 2018.

The de­ci­sion af­fects about 580 work­ers, but the com­pany did not say how many may be laid off. It said em­ploy­ees af­fected by the shut­down will be of­fered a chance to move to jobs at other fa­cil­i­ties. Those that don’t move will be laid off and of­fered sev­er­ance ben­e­fits.

The com­pany said the clo­sures will save Al­tria about $50 mil­lion by the end of that year.

The an­nounce­ment came as Al­tria re­ported a 29 per­cent drop in profit for its most re­cent quar­ter. Its ad­justed earn­ings still beat ex­pec­ta­tions. Rev­enue rose 4 per­cent to $5.19 bil­lion in the pe­riod.

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