U.S. cosmetics maker Revlon has announced that it is to exit its owned manufacturing facility in France and its leased manufacturing facility in Maryland, U.S.A. The company will also rightsize its French and Italian organizations and realign its operations in Latin America, including consolidating Latin America and Canada into a single region.

According to the New York headquartered company, these actions, which aim to drive operating efficiencies by reducing costs, will result in eliminating approximately 250 positions.

Restructuring and related charges, which will be recognized in the third quarter of 2012, are expected to be approximately US$25 million. Revlon expects annualized cost reductions to reach about US$10 million, US$9 million of which is expected to benefit 2013.