CORRECTED-Philip Morris to stop cigarette production in Australia

Tue Apr 1, 2014 9:50pm EDT

(Corrects reason given by company for decision to stop Australian production)

SYDNEY, April 2 (Reuters) - American cigarette and tobacco company Philip Morris International Inc said it will cease cigarette production in Australia this year because of restricted export opportunities due to government regulations.

About 180 jobs will be cut from its Australian centre in Moorabbin, Victoria by the year's end, with production transferred to South Korea, the company said in a statement. (Reporting by Thuy Ong; Editing by Stephen Coates)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.