U.S. cosmetics group Revlon has announced new restructuring actions that will include exiting its operations in China, which operations represent approximately 2% of total company net sales worldwide.

These actions should result in the elimination of approximately 1,100 positions, primarily in China, including about 940 beauty advisors retained indirectly through a third-party agency.

Revlon expects to incur approximately USD 22 million of pre-tax restructuring and related charges. However, these actions are expected to generate annualized cost reductions of approximately USD 11 million, with approximately USD 8 million expected to benefit 2014 results