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BAT to cut 20% of staff
British American Tobacco announced its intention to cut approximately 20% of its workforce, around 9,000 jobs, as part of a restructuring plan focused on technology and artificial intelligence to reduce costs and increase profits. The changes will include eliminating about 5,500 jobs and outsourcing approximately 3,500 jobs to external companies, excluding the U.S. market, with the goal of achieving savings of £600 million by 2028. This move comes amid a slowdown in the company's sales and profit growth, as well as its plans to shift toward alternative smoking products.
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