Cosmetics firm Revlon to restructure,cut jobs, shut down US, France plants
September 7, 2012, 12:19 am TWN
NEW YORK--U.S. cosmetics giant Revlon said Wednesday it will cut 250 jobs and close two plants, one in Maryland and another in France, in a restructuring aimed at US$10 million in cost savings.
Revlon said in a statement it was exiting its leased manufacturing facility in Maryland and its owned plant in France, and moving production to other plants and third parties.
The New York-based company said the restructuring includes "rightsizing its French and Italian organizations" and consolidating Latin America and Canada operations into a single region.