Philip Morris To Close Australia Cigarette Factory

Tobacco giant Philip Morris says it will cease production of cigarettes at its factory in Moorabbin, Australia.

The closure of the factory, which has been in operation for nearly 60 years, will lead to a loss of 180 jobs.

The company said Australia's plain-packaging laws were a factor in its decision.

Philip Morris said all cigarette production for the Australian market would be moved to its plant in South Korea.