×
207
Fashion Jobs
PUMA
Manager- Ecommerce Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
PUMA
Digital Marketing Manager
Permanent · Bengaluru
EXPLODE SERVICES
Quality Assurance Manager Home Furnishing Garments For Noida
Permanent · Noida
EXPLODE SERVICES
Manager ie Garment Exports
Permanent · Noida
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
By
AFP
Published
Feb 5, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Estee Lauder cuts 2,000 jobs as profit drops

By
AFP
Published
Feb 5, 2009

NEW YORK, Feb 5, 2009 (AFP) - US cosmetics company Estee Lauder said Thursday it would eliminate 2,000 jobs in a major streamlining after profits plunged in the latest quarter.


Estée Lauder "Fuchsia Now"

The job cuts, representing about six percent of the workforce, would be made over the next two years, part of a new four-year restructuring to battle slumping sales, the New York-based company said in a statement.

Estee Lauder reported net profit fell to 158.0 million dollars in the company's second quarter ended December 31, nearly 30 percent below the 224.4 million dollars posted a year ago.

The maker of beauty products and fragrances whose stable of brands includes the eponymous Estee Lauder, Clinique, Aveda, Tom Ford, Bobbi Brown, Coach and Donna Karan, said sales fell 11.6 percent in the latest quarter to 2.04 billion dollars.

"The factors that impacted our second-quarter results were challenging on multiple levels, and not different from what many other companies have experienced, especially those companies dependent on consumer spending," William Lauder, the company's chief executive said in the statement.

"The current difficult environment, which is global in scale, is not expected to improve in the near term," he said.

The firm said it would take 350 to 450 million dollars in charges for the four-year restructuring.

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.