US cigar company moves to the Dominican Republic
Santo Domingo.– Swisher International will lay off 250 employees in Jacksonville, Florida, as it moves some of its cigar-making production from that city to the Dominican Republic.
According to jacksonville.com, the company notified the employees on Friday that the layoffs will take place over the next 12 months, following 150 layoffs last year.
Company officials say that when excise taxes were increased on all tobacco products in the United States in 2009, Swisher had to raise its prices 35 percent to cover the hike.
Swisher already has a production facility in the Dominican Republic and has been increasing production in the country for several years. In February, Swisher, best known for it inexpensive Swisher Sweets, formed a new division for premium cigars.
Category: DR News |