Type
Business expansion
Country
Greece
Region
Location of affected unit(s)
Sector
Wholesale / Retail
Retail trade
Retail sale of food, beverages and tobacco
47.26 - Retail sale of tobacco products

160 jobs
Number of planned job creations
Job creation
Announcement Date
16 May 2019
Employment effect (start)
16 May 2019
Foreseen end date
30 June 2019

Description

Papastratos, the largest tobacco company in Greece, announced the creation of 160 new job vacancies in Greece as part of a plan to boost sales and information to adult smokers over the company's new IQOS product. The company clarified that the 160 salespersons will be selected and hired by companies associated with Papastratos and this process will be completed by the end of June. These positions are extra to the already announced 400 new job positions which are part of a €300 million investment programme to transform its production factory into IQOS heated tobacco rods, ending cigarette production after 87 years of operation.


Sources

Citation

Eurofound (2019), Papastratos CMC, Business expansion in Greece, factsheet number 98000, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98000.