Revlon announces job cuts

Published: 29-May-2009

US cosmetics manufacturer Revlon has announced it is to cut 400 jobs worldwide in a bid to reduce costs and restructure the company. It is estimated the move will save Revlon $30m a year.


US cosmetics manufacturer Revlon has announced it is to cut 400 jobs worldwide in a bid to reduce costs and restructure the company. It is estimated the move will save Revlon $30m a year.

It also said it expected Q2 results to be hit by retailers cutting inventory levels as well as fluctuations in foreign currencies.

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