BUZZ-British American Tobacco falls after announcing 5,500 job cuts

** Shares of British American Tobacco BATS.L down 1.5% at 4,683 pence

** Co says it will cut 5,500 jobs and move a further 3,500 roles to strategic partners, impacting about 20% of its global workforce

** Says programme to deliver an additional £600 million ($793.32 million)in annual savings by 2028, on top of £500 million targeted by 2027

** BATS up ~12.74% YTD, as of last close


($1 = 0.7563 pounds)