L'Oreal Plans No Layoffs in France
March 30 2020 - 3:31AM
Dow Jones News
By Olivia Bugault
L'Oreal SA said Monday that there will be no layoffs in France
and that it won't use short-time working in the country until the
end of June despite the halting, partial or total, of several
activities.
The French cosmetic and consumer-goods company said that
salaries will also be maintained in France, where more than 3,000
of its 13,400 employees are currently not working.
Furthermore, L'Oreal has made available its operational
facilities in France and China in order to help the French state to
order masks and respirators, it said.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
March 30, 2020 03:16 ET (07:16 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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