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May 04, 2015 3:32 AM ET

Tobacco

Company Overview of Philip Morris Fortune Tobacco Corp. Inc.

Company Overview

Philip Morris Fortune Tobacco Corp. Inc. manufactures cigarettes. The company was founded inn 2010 and is based in the Philippines. Philip Morris Fortune Tobacco Corp. Inc. is a Joint Venture between Philip Morris Philippines Manufacturing Inc. and Fortune Tobacco Corporation.

27th Floor, Tower One, The Enterprise Centre

6766 Ayala Avenue corner Paseo de Roxas

Makati City

Manila,  1200

Philippines

Founded in 2010

Key Executives for Philip Morris Fortune Tobacco Corp. Inc.

Compensation as of Fiscal Year 2014.

Philip Morris Fortune Tobacco Corp. Inc. Key Developments

PMFTC, Inc. to Cut 640 Jobs as it Restructures Domestic Operations

The Philippine affiliate PMFTC Inc. of Philip Morris International Inc. said that it would cut 640 jobs, or nearly 13% of its work force in the country, as it restructures cigarette manufacturing operations at its Marikina plant in Metro Manila. The plant, which employs 1,640 workers in all, will see its work force reduced to 1,000 once the job cuts take effect on Feb. 15, 2015. The affected employees would be given generous separation packages, well in excess of the legal requirements.

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