Revlon is leaving China and cutting 1,100 jobs as part of a cost-cutting measure.
In a regulatory filing Tuesday, the cosmetics company said it will save it $11 million a year from the retreat. Its operations in China make up 2 percent of the company's total sales.
Revlon expects to take a $22 million charge, with about $10 million to pay for employee severance and other benefits. About $12 million of that charge consists of product discounts and inventory write-offs.