R.J. Reynolds Tobacco Holdings.

• Position: To cut jobs - Brief Article

R.J. Reynolds Tobacco Holdings is cutting 2,600 jobs--40% of its work force--as part of an effort to trim $1 billion from its annual costs--last year, they exceeded $5.4 billion--by the end of 2005. About 1,700 of the job cuts will be in North Carolina. The Winston-Salem-based company has struggled to compete against discount brands and is cutting back marketing for many of its brands. RJR expects to save $180 million from job cuts...