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The Independent UK
The Independent UK
Business
Holly Williams

Estee Lauder slashing up to 7,000 jobs as it braces for tariff increases

Estee Lauder Donald Trump Clinique Jo Malone
Beauty firm Estee Lauder has revealed it is more than doubling job cuts to as many as 7,000 worldwide as part of a cost-saving overhaul as it braces for tariff increases amid fears of a global trade war sparked by US President Donald Trump (Estee Lauder/PA) -

Beauty firm Estee Lauder has revealed it is more than doubling job cuts to as many as 7,000 worldwide as part of a cost-saving overhaul as it braces for tariff increases amid fears of a global trade war sparked by US President Donald Trump.

The group behind well-known beauty brands Estee Lauder, Clinique and Jo Malone said it plans to ramp up job losses from 3,000 to between 5,800 and 7,000 as it seeks to drive increased savings of up to 1 billion US dollars (£805 million).

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