Austria Tabak Plant Closes Down

Published: May 6, 2011; 06:49 · (Vindobona)

Austria Tabak will close the cigarette factory in Hainburg. 320 jobs will be lost.

Austria Tabak Plant Closes Down / Picture: © Flickr

The 2007 plans for expansion of the Hainburg cigarette factory to an annual output of 15-20 billion cigarettes had to be reassessed because of the decline in tax-paying cigarette volumes on European markets. After examining the development of EU markets, the company had to acknowledge that this plan is not longer feasible, and therefore intends to shift production elsewhere and close…

This article includes a total of 230 words.

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