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LRLCY Loreal Co (PK)

87.88
-0.58 (-0.66%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Loreal Co (PK) USOTC:LRLCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.58 -0.66% 87.88 87.87 88.08 88.41 87.59 88.33 84,090 21:04:04

L'Oreal Plans No Layoffs in France

30/03/2020 8:31am

Dow Jones News


Loreal (PK) (USOTC:LRLCY)
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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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