Tobacco Business
January 15 2004 - 2:03AM
UK Regulatory
RNS Number:2626U
Amer Group PLC
15 January 2004
Amer Group Plc January 15, 2004
AMER TOBACCO'S EMPLOYER/EMPLOYEE NEGOTIATIONS CONCLUDED
Amer Tobacco Ltd has concluded the employer/employee negotiations initiated on
26 November 2003, following the announcement of Amer Group's intention to
withdraw from its Tobacco business on 18 November 2003. Due to production being
discontinued, 250 employees will be made redundant. Production itself is
expected to end on 26 March 2004.
Negotiations with Philip Morris continue with regard to terminating the license
agreement prematurely as well as in respect of Philip Morris taking over Amer
Tobacco's own trademarks, sales and marketing functions, stocks, machinery and
equipment. Functions that are under consideration to be transferred to Philip
Morris employ 70 persons.
- ENDS -
AMER GROUP PLC
Communications
Paivi Antola
Communications Manager
Tel. +358 9 7257 8306, e-mail: paivi.antola@amersports.com
www.amersports.com
Further information after 3 pm:
Mr Pekka Paalanne, Senior Vice President & CFO, tel. +358 9 7257 8212
This information is provided by RNS
The company news service from the London Stock Exchange
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