December 17, 1997 |
RJR Nabisco Holdings Corp. said the company's international tobacco business will lay off 2,600 employees--14% of its foreign work force--in a major restructuring that will also include a $310-million charge against fourth-quarter earnings. Company officials said the job cutbacks will enhance RJR's competitive position in the increasingly important international tobacco arena and improve its long-term earnings growth prospects.
May 9, 1986
RJR Nabisco Inc., Winston-Salem, N.C., said Lester W. Pullen will become chairman and chief executive of its tobacco subsidiary, R. J. Reynolds Tobacco International Inc., effective July 1.
July 16, 1992 |
RJR to Make Cigarettes in Russia: R. J. Reynolds Tobacco International Inc. said it formed a partnership with AS-Petro, a Russian cigarette factory, to make tobacco products. RJR Tobacco said it will be the first American tobacco company to produce cigarettes in Russia. AS-Petro was the first Russian tobacco factory to return to private ownership after the breakup of the Soviet Union. It was state-owned for 72 years.
September 14, 1990 |
Two big U.S. tobacco firms announced Thursday that they will supply billions of cigarettes to the Soviet Union, capitalizing on a shortage causing political turmoil in that country. Financial details were not disclosed, but the deals represent significant new business for suppliers Philip Morris and R. J. Reynolds Tobacco. The companies have been emphasizing sales to foreign countries as the U.S. tobacco market has given ground to anti-smoking campaigns.
March 1, 2003 |
The Canadian government filed criminal charges Friday against affiliates of tobacco giant R.J. Reynolds, accusing them of helping to flood that country with cheap contraband cigarettes during the 1990s. Also charged with fraud and conspiracy were eight current or former senior executives who allegedly took part in a scheme that authorities said robbed the federal government and the provinces of Ontario and Quebec of more than $800 million in cigarette taxes.
July 23, 1989 |
A remarkable thing is happening in the U.S. cigarette industry: As America continues its 25-year decline in per capita smoking, total cigarette sales are booming. The reason is that Asia suddenly, albeit reluctantly, dropped trade barriers to U.S. cigarettes. Pushed by Sen. Jesse Helms (R-N.C.), the Reagan and Bush administrations threatened costly sanctions against Asian countries that wouldn't allow the importation of billions of Merits and Marlboros. U.S. cigarette exports rocketed to $2.