Friday, February 6, 2009

Estee Lauder slashes 2,000 jobs as profit drops

Estee Lauder said on February 5, it would cut 2,000 jobs in a major streamlining after profits fell in the latest quarter,

It is learnt that the job reduction, representing about 6% of the workforce, will be made over the next two years, part of a new four-year streamlining to fight the fallen sales.

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