Coty cosmetics company to fire half of Geneva workforce
The US cosmetics company Coty says it will be firing more than half of its Geneva workforce as part of a global cost-cutting programme.
But the firm says Geneva will remain the HQ for the Professional Beauty Division.
The company employs 700 at its sites in Versoix and Geneva. Press reports suggest as many as 350 jobs will go – but the company says the exact number has yet to be determined.
The company is also planning to move its corporate base from New York to Amsterdam.