and international markets to a strictly domestic market.
In 2006, the two plants produced 80 billion cigarettes for overseas distribution. Those cigarettes will now be produced in European plants, though Philip Morris International has not specified which ones, explained David Sylvia, a spokesman for Philip Morris USA.
"We will continue to produce the cigarettes in both the Cabarrus and Richmond facilities for Philip Morris International through the fall of 2008," he said. market for cigarettes loses its luster, with an increasing number of states restricting smoking in public places.
"Over the last decade or so, cigarette consumption has declined by approximately 2 percent per year," Sylvia said. and international cigarette units more independent Duty Free Cigs Fast Delivery. PMI's plants in Europe are in Lithuania, Poland, Romania, the Czech Republic, Germany, Greece, Holland Duty Free Cigarettes, Portugal and Switzerland.
Altria shares rose 88 cents, or 1.3 percent, to $69.63 Tuesday.
Most North Carolina hourly employees and many salaried employees will be offered positions in Richmond, Altria said. Sylvia said the move will bring "several hundred" jobs to Richmond. Philip Morris USA employs 6,300 in Virginia, primarily at its Richmond cigarette plant.
Other workers at the North Carolina plant will be eligible for between three and 20 months of severance pay and benefits, depending on length of service, plus outplacement counseling.
The company said it expects cost savings of about $335 million by 2011, of which $179 million will be realized by Philip Morris International and $156 million by Philip Morris USA.
Altria expects Philip Morris USA to record an initial pretax charge of about $325 million, or 10 cents per share, in the second quarter, mainly for employee separation. There will be about $50 million in charges for the remainder of 2007 Cigarettes Online Free Shipping.
Total expenses through 2011 will be about $670 million at Philip Morris USA Marlboro Cigarettes Online, including accelerated depreciation charges of $143 million, employee separation expenses of $353 million and relocation costs Cigarettes For Sale, partly offset by gains on sales of land and buildings, of $174 million.
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