News Summary
Revlon has announced the closure of its Jacksonville manufacturing facility by July 2023, resulting in the layoff of 127 employees. The decision is part of Revlon’s strategic plan to streamline operations following its recent reorganization efforts. The company will transition production to its Oxford, North Carolina facility, impacting the local community significantly. Local leaders express concern over the wider economic implications of this closure as Revlon has been a major employer in Jacksonville for years.
Jacksonville, Florida – Revlon has announced the permanent closure of its manufacturing facility in Jacksonville, scheduled for July 2023. This closure will lead to the permanent layoff of 127 employees. A Worker Adjustment and Retraining Notification (WARN) notice detailing these layoffs has been issued and obtained by local news sources.
The initial round of layoffs will commence on July 18, 2023, with additional layoffs occurring over the following three months. The facility, located at 5344 Overmyer Drive, has been an integral part of Revlon’s operations, producing various cosmetic products, including the popular Creme of Nature and American Crew hair care lines.
The decision to close the Jacksonville plant is part of Revlon’s broader strategic plan to streamline its business operations, ensuring long-term sustainability. In consideration of the layoffs, Revlon has encouraged affected employees to apply for available job opportunities at the company’s other facilities.
Earlier this year, Revlon communicated its plans to transition production from the Jacksonville plant to its manufacturing facility in Oxford, North Carolina. This move is in line with Revlon’s restructuring efforts following its Chapter 11 bankruptcy filing in 2022. After a successful reorganization, Revlon emerged as a private entity under the name Revlon Group Holdings in May 2023.
Notably, the Jacksonville facility has a rich history, having been constructed between 1961 and 1964 on a vast 7.38-acre site located north of Interstate 10. Currently, the property is owned by Roux Laboratories Inc. of New York City.
In the first quarter of 2023, Revlon reported sales totaling $490 million and an operating income of $51 million. The Chapter 11 reorganization allowed the company to wipe out more than $2.7 billion in debt, successfully reducing its outstanding debt to approximately $1.5 billion. Despite the closure of the Jacksonville facility, Revlon has indicated that no further facility closures are planned at this time.
The Jacksonville community is facing significant impacts as a result of this closure. Local leaders have expressed concerns about the effect on not just the employees directly laid off but also the broader economic implications for the area, as Revlon has been a prominent employer in the region for many years.
Revlon’s decision reflects the challenging landscape of the beauty and cosmetics industry, where companies are continually reassessing their operational footprints to adapt to market demands. As the company moves forward, it will be focused on consolidating its manufacturing capabilities to enhance efficiency and profitability.
The closure of the Jacksonville plant serves as a reminder of the ongoing changes within the retail and manufacturing sectors, where businesses are striving to navigate economic pressures and shifting consumer preferences. As Revlon embarks on this new chapter, the company aims to position itself for future growth while minimizing the negative impact on its workforce.
For those affected by the layoffs, there may be opportunities for support through local job placement services and workforce development programs designed to assist displaced workers in finding new employment. The repercussions of this closure will be felt not only by those directly impacted but throughout the Jacksonville business community as well.
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- First Coast News
- Jax Daily Record
- Jax Daily Record
- The Guardian
- Jax Daily Record
- Wikipedia: Revlon
- Google Search: Revlon Jacksonville closure
- Google Scholar: Revlon manufacturing closure
- Encyclopedia Britannica: Revlon
- Google News: Revlon closure
