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Pallav Mittal, an analyst at Barclays, said: "Whilst the market has been aware of this saving programme, we think the scale of this workforce reduction is unexpected and could come as a surprise to investors."

Global E-Cigarette Market Size, Share, Trends & Growth Forecast Report By Type (Disposable, Rechargeable and Modular Devices), Component (Atomizer, Vape Mod, Cartomizer and E-liquid), Distribution Channel (Online and Retail), and Region (North America, Europe, APAC, Latin America, Middle East and Africa) Industry Analysis from 2026 to 2034 Market Size, 2025 $30.27 Bn Market Estimate, 2026 $34.88 Bn Market Forecast, 2034 $108.18 Bn CAGR, 20262034 15.2% The global e-cigarette market size was valued at USD 30.27 billion in 2025, and the global market size is predicted to reach USD 108.18 billion by 2034 from USD 34.88 billion in 2026, with a CAGR is 15.2%.From 2026 to 2034

The topping actually mellows after the tub has been opened for a while

They include "that there will be no adjustments to the annual payments due to miscalculated or disputed payments." Other assumptions were that participating tobacco manufacturers would make all payments required of them by the MSA