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==Company Overview== | ==Company Overview== | ||
Japan Tobacco is the former government monopoly and still controls 60 percent of the cigarette market in the country. <ref> [https://web.archive.org/save/https://www.forbes.com/companies/japan-tobacco/#7a5a05b6612b Philip Morris Targets Aging Japan Smokers With Cultural Spin], ''Reuters'', May 2018, Accessed 12 September 2018 </ref> The JT Act provides that the Government of Japan must continue to hold over one-third of all of the issued shares except for the class shares, which have no voting right against all matters that can be resolved at shareholders’ meeting. {{r|JT_AR_2016|p=49}} The company is based in Geneva in a brand-new building and owns a large factory in the German-speaking part of Switzerland, in Dagmersellen. <ref> [https://web.archive.org/save/http://stories.publiceye.ch/tobacco/ The blazing success of Swiss cigarettes in Africa], ''Public Eye'', January 2019, Accessed 10 July 2019 </ref> Japan Tobacco International is planning to cut one quarter of its staff in Geneva over a three-year period as part of restructuring measures. Japan Tobacco International staff members protested outside their Geneva HQ on October 22 against the job cuts. <ref>[https://web.archive.org/save/https://www.swissinfo.ch/eng/stiff-competition-_japan-tobacco-to-cut-over-250-jobs-in-geneva/45202394 Japan Tobacco to cut over 250 jobs in Geneva], ''Swissinfo'', 3 September 2019, 12 September 2019 </ref> | Japan Tobacco is the former government monopoly and still controls 60 percent of the cigarette market in the country. <ref> [https://web.archive.org/save/https://www.forbes.com/companies/japan-tobacco/#7a5a05b6612b Philip Morris Targets Aging Japan Smokers With Cultural Spin], ''Reuters'', May 2018, Accessed 12 September 2018 </ref> The JT Act provides that the Government of Japan must continue to hold over one-third of all of the issued shares except for the class shares, which have no voting right against all matters that can be resolved at shareholders’ meeting. {{r|JT_AR_2016|p=49}} The company is based in Geneva in a brand-new building and owns a large factory in the German-speaking part of Switzerland, in Dagmersellen. <ref> [https://web.archive.org/save/http://stories.publiceye.ch/tobacco/ The blazing success of Swiss cigarettes in Africa], ''Public Eye'', January 2019, Accessed 10 July 2019 </ref> Japan Tobacco International is planning to cut one quarter of its staff in Geneva over a three-year period as part of restructuring measures. Japan Tobacco International staff members protested outside their Geneva HQ on October 22 against the job cuts. <ref>[https://web.archive.org/save/https://www.swissinfo.ch/eng/stiff-competition-_japan-tobacco-to-cut-over-250-jobs-in-geneva/45202394 Japan Tobacco to cut over 250 jobs in Geneva], ''Swissinfo'', 3 September 2019, 12 September 2019 </ref> | ||
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===Key Executives=== | ===Key Executives=== |