The French cosmetics giant L’Oréal is regarding to merge its Swiss subsidiary with that grouping Germany and Austria, within a new entity called DACH. In the process, the company will reduce its workforce in Geneva and Zurich by 20%.
The new organization, which will operate from Düsseldorf, is expected to come into effect on January 1, 2023, L’Oréal wrote in a statement on Tuesday.
The group thus intends to “increase its competitiveness and strengthen its consumer orientation”. It is also a question of responding to “rapid changes in the beauty sector”.
380 employees in Switzerland
L’Oréal Switzerland will therefore see its local workforce reduced by approximately 20%. The two sites in Geneva and Zurich will however be maintained. “The consultation phase began Monday within L’Oréal Switzerland,” said a spokeswoman for the company on Tuesday. L’Oréal Switzerland has 380 employees, according to its website.
“We have entered a phase of dialogue with our teams”, specifies the press release. The group also intends to offer new positions in Düsseldorf.
ats/oxen
