The cosmetics company has been struggling with weak demand, especially in Asia.

Cosmetics company Estée Lauder (EL) announced a major restructuring plan that aims to cut 5,800 to 7,000 jobs, or up to 11% ...

The layoffs, which represent up to 11% of its global workforce, arrive alongside a restructuring plan that extends into the C-suite.

A restructuring plan is underway to kick-start sales after the conglomerate reported a 6 per cent sales dip in Q2.