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199 take early retirement at Kose as firm books ¥2.5bn loss

Original: コーセー

Kose Holdings said 199 employees applied for its early retirement program, and the Japanese cosmetics maker will book a special loss of about 2.5 billion yen related to the offer. The restructuring move has drawn attention in Japan as the beauty industry faces pressure at home and in China, with readers weighing in on the company's downsizing.

Why now: The cosmetics maker's restructuring with nearly 200 departures and a 2.5 billion yen special loss is fresh corporate news.

Kose HoldingsKoseJapan

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