Reynolds American (RAI) says it plans a 10% reduction in its U.S. work force by the end of 2014...

|About: Reynolds American, Inc. (RAI)|By:, SA News Editor

Reynolds American (RAI) says it plans a 10% reduction in its U.S. work force by the end of 2014 in a bid to save on labor costs and refocus its business. RAI will book severance costs of $110M in Q1, but the moves are expected to save $25M in 2012 and $70M annually by 2015.