Altria Group Will Close Cigarette Plant In North Carolina

The parent of the Philip Morris cigarette companies says it will close a North Carolina plant that employs 25-hundred people as it moves some production to Europe.

Altria Group says it's closing a plant in Cabarrus, North Carolina, as it moves cigarette production for non-U-S markets to Europe.

Altria says it will consolidate manufacturing for the U-S market at it's Richmond, Virginia, plant by 2010. The company says most North Carolina-based hourly employees and many salaried workers will be offered positions in Richmond.

Other workers will be eligible for between three months and 20 months of severance play and benefits, depending on length of service. They will also get job counseling.

Altria says the move will save about 335 million dollars by 2011.