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UK tobacco giant BAT to cut 2,300 jobs

British American Tobacco has announced plans to cut 2,300 jobs as it shifts away from traditional cigarettes.
BAT said it was creating a "more efficient, agile and focused" company as it focused on e-cigarettes and other new categories of product.
The firm said management layers would be reduced and simplified under a plan to be substantially completed by January next year.
A BAT spokesperson declined to give any details of where the jobs would go.
The company has its headquarters in London and has 55,000 employees worldwide, with 55 factories in 48 countries.
BAT shares were up 2.5% in Thursday morning trading in London.
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