CUTTING BACK: Makeup company Revlon Inc. said Wednesday that it is cutting 250 jobs, or about 5 percent of its workforce, as it exits two plants as part of a restructuring aimed at cutting costs.
THE BACKGROUND: Revlon, like other consumer products makers, has been facing high raw material costs, weakness in Europe and a slowdown in China.
THE DETAILS: The New York-based company whose brands include Almay, Mitchum as well as Revlon said it will close its manufacturing plant in France and leave its leased manufacturing plant in Maryland and move manufacturing to other plants and third parties. It will restructure operations in France and Italy and realign its operations in Latin America, including consolidating Latin America and Canada into one region.
