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Esee Lauder announced on Tuesday that it plans to reduce up to 7,000 jobs of its working power.
the Cosmetic company She said that she would eliminate a net from 5800 to 7,000 of the roles, as she revealed the updated “profit and growth and growth plan” and issued its financial results in the second quarter on Tuesday.
The number of affected situations, from up to 3000 Detament last year“He takes into account the elimination of positions after re -training and the republishing of some employees in selected areas,” said Esi Lauder.
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The company said that it “achieved more net benefits” from its transformation plan “than expected” during the second quarter of the financial, but this “was compensated for the volume of sales, investments to restore sustainable growth and inflation,” the company to enhance the “profit and growth plan” and Restructuring program Included.
A couple walks from the Estee Lauder store in Kuala Lumpur, Malaysia, on October 3, 2024. (Lightrockquket/Lightrockket via Getty Images/Getty Images)
The company expects to bear the restructuring and other fees with a total of $ 1.2 billion and 1.6 billion dollars, before taxes, by the time when the restructuring is completed.
It is expected that the restructuring will achieve annual total savings before taxes in the range of $ 800 million to one billion dollars, the money said by Este Lauder “will help restore the operating margin and also re -invest fuel in the areas facing the consumer to push sustainable sales growth.”
| index | protection | last | Changing | % Change |
|---|---|---|---|---|
| he | Estée Lauder Companies Inc. | 70.14 | 12.65 |
-15.28 % |
The expansion of the total transformation plan seeks to restore the cosmetic company to the growth of sales, paving the way for “a solid margin of operation from the two numbers over the next few years” and assisting it “in managing external fluctuations, such as a possible tariff. It increases globally.
The history of Estee Lauder, one of the world’s leading brands, starting from selling $ 800
The measures that the company said include “unifying spending and reassessing the main suppliers’ relations strategically” in its purchase, reducing excess stock and destroying products by improving the efficiency of the supply chain, and using external sources “selected services for confirmed global partners.”
Esee Lauder is looking to end the “profit and growth and growth plan” in 2027, with many measures to be implemented in 2025 and 2026, according to the company.
In this photo illustration, the Estee Lauder Company logo is displayed with display on the smartphone screen. (Piotr Swat/SOPA Images/Lightrockket via Getty Images/Getty Images)
“While we realize that there is a lot of work to do, we are confident that the beauty that has been imagined is the way to achieve our ambition,” CEO Stephen de la Faviri said in a statement.
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The work of the workforce reduction and its results in the second quarter sent the shares of Estee Lauder by more than 17 % on Tuesday.
The company is known For brands Like Mac, Clinique, Facd Too Pock and Bobbi Brown.
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