The company has been forced to cut costs as tax hikes, smoking bans, health concerns and social stigma make the cigarette business tougher.After completing a $1.5 billion multiyear cost savings program last year, the company rolled out a plan to cut $400 million in "cigarette-related infrastructure costs" by the end of 2013 in advance of anticipated cigarette volume declines. The company said that plan remains on track, after recording net pre-tax restructuring charges of $271 million over the past five quarters.
Marlboro Maker Altria 4Q Profit Up 32 Percent
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