THE WHAT? Coty has proposed cutting 155 of its approximately 200 positions in France as part of a wider restructuring strategy aimed at simplifying operations and refocusing its cosmetics and fragrance portfolio.
THE DETAILS The US cosmetics group confirmed plans to restructure its cosmetics business and revise the operating model for its prestige division in France, although it has not officially confirmed the number of proposed redundancies. According to trade unions CGT and CFDT, the proposals affect 155 positions, including three currently vacant roles, with nearly 100 jobs linked to mass-market retail sales potentially eliminated. The restructuring follows Coty’s strategic review of its mass-market cosmetics division, which includes brands such as Rimmel and Bourjois, as the company increases its focus on prestige and mass-market fragrances. The proposals remain subject to French employment law and consultation procedures, with further discussions scheduled for late November.
THE WHY? The proposed redundancies highlight Coty’s continuing efforts to reduce operating costs, simplify its organisational structure and reposition its portfolio towards higher-priority fragrance businesses. The potential reduction of its French sales workforce also raises questions about the company’s future distribution strategy for mass-market cosmetics and the possible divestment of brands under strategic review.
Source: Fashion Network
