Philip Morris closes manufacturing facility in Kotri
'Wide presence of illicit cigarettes in the country has impacted the legal industry volumes'KARACHI: Philip Morris (Pakistan) Limited (PMPKL) on Monday announced that it would reorganise its cigarette-manufacturing operations, following a strategic review to optimise process efficiencies and operational effectiveness and to position the company for sustainable future growth. This will involve closure of the cigarette-manufacturing facility in Kotri, Sindh, which will impact 194 employees. However, all of them will be offered separation packages that will exceed what is required by law, according to a statement issued by the company. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation. Read full story
Source: The Express Tribune March 05, 2019 03:22 UTC
