Restructuring ActionsOn September 5, 2012, the Company announced actions to drive operating efficiencies. The primary components of the restructuring, which are in process, include: (1) exiting the Company’s owned manufacturing facility in France and its leased manufacturing facility in Maryland, moving manufacturing from those facilities to other Revlon facilities and third parties; (2) rightsizing its French and Italian organizations; and (3) realigning its operations in Latin America, including consolidating Latin America and Canada into a single region. These actions are expected to result in eliminating approximately 250 positions worldwide. Certain of the actions are subject to consultations with employees, works councils or unions, and government authorities.
Revlon Reports Third Quarter 2012 Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts