(Reuters) - Cigarette maker Reynolds American Inc
Reynolds American, which makes Camel and Pall Mall branded cigarettes, expects to incur a pretax restructuring charge of about $110 million related to the job cuts in the first quarter.
By the end of this year, the company expects savings of $25 million from the move, an amount that will increase to about $70 million annually from 2015.
The job cuts come after Reynolds American and some of its operating companies like R.J. Reynolds Tobacco Co and RAI Services Co completed a three-month long business analysis.
A majority of the people are leaving the companies on a voluntary basis, Reynolds American said in a statement.
The company's shares closed at $41.86 on Tuesday on the New York Stock Exchange.
(Reporting by Mihir Dalal in Bangalore; Editing by Brenton Cordeiro)