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May 26, 2017

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Cosmetics firm Revlon to restructure,cut jobs, shut down US, France plants

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.

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