Revlon said it is leaving China and cutting 1,100 jobs as part of a cost-cutting measure.Most of
the jobs cuts will be in China.Revlon’soperations there make up only 2 percent of the company’s sales,
whichhave been declining. Global sales fell 1.3 percent to $1.02 billion inthe nine months through
September, compared with the same period in2012. Revenue dropped 3.5 percent to $166.8 million in Asia
during thattime.The departure will save the makeup company $11 million ayear, Revlon said Tuesday in a
regulatory filing with the U.S.Securities and Exchange Commission.Revlon expects to take a $22million
restructuring charge, mostly this year. About $10 million ofthat charge is for employee severance and other
benefits, and about $12million consists of product discounts and inventory write-offs.Besides its namesake
brand of makeup and hair dye, Revlon also makes cosmetics under its Almay and SinfulColors brands.Shares of
Revlon Inc., which is based in New York, rose 37 cents to $24.93 in midday trading.Copyright 2013 The
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