The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing (20 - 21) Manufacture of chemicals and pharmaceuticals 20.4 - Manufacture of washing, cleaning and polishing preparations 20.42 - Manufacture of perfumes and toilet preparations
5,800 - 7,000 jobs Number of planned job losses
Announcement Date
4 February 2025
Employment effect (start)
4 February 2025
Foreseen end date
31 December 2026
Description
Estée Lauder Companies, the US cosmetics group, has announced that it will cut between 5,800 and 7,000 jobs worldwide by the end of 2026.
In Romania, the company is to close its global technology centre in Bucharest, which is expected to result in the loss of around 150 jobs by the end of 2025 Estée Lauder 2025-RO .
The cuts are part of the company’s wider ‘Beauty Reimagined’ restructuring programme. The company is to optimise global operations and improve profitability amid declining sales, particularly in China and travel retail. The restructuring includes changes to the operating model, brand organisation and geographic structure, and is being implemented alongside negotiations and statutory procedures at the local level.
Estée Lauder Companies employs about 57,000 people globally.
A previous restructuring programme was recorded for Estée Lauder in 2020: Estée Lauder 2020-WO
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
