Beauty giant Revlon has announced plans to cut nearly 1,000 jobs before the end of 2020. The owner of Elizabeth Arden and Juicy Couture fragrances said the move will contribute 60% towards the company's two-year US$2 30m cost saving plan. Revlon has implemented job cuts for more than a decade in a bid to improve profits and remain competitive against agile brand incubators, indie players and larger rivals. In 2019, the New York-based company closed two plants in the US and France, and axed 250 jobs.
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