Revlon & Hewlett-Packard announce job cuts

31 December 2013 Last updated at 16:49 ET Share this pageEmailPrint

Hewlett-Packard and Revlon job cuts announced

Computer maker Hewlett-Packard and cosmetic firm Revlon have both announced end of year job cuts of thousands of workers.

In a filing with US regulators, HP said it would cut 5,000 more jobs than planned.

The firm now says it will eliminate 34,000 positions, or 11% of its workforce, by the end of 2014.

Separately, Revlon announced plans to leave China and said it would cut 1,100 jobs.

Revlon, which manufactures cosmetics and hair dye under its name as well as the Almay and SinfulColors brands, said the cuts would save the firm around $11m (£6.6m) a year amid declining global sales.

The firm recently announced changes in its leadership, including naming a new boss, Lorenzo Delpani, in the autumn.

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