L’Oreal USA’s institute that researches ethnic hair and skin is moving from Chicago’s Near South Side to the company’s innovation hub in New Jersey.
In terms of timing:
The institute is expected to close by the end of this month and will affect 21 employees working in areas from advanced research to product development and evaluation.
DiGirolamo said employees were given the opportunity to relocate to Clark, N.J., or another L’Oreal location, and those who could not move were offered severance packages and other assistance.
The institute is located in the 57,600-square-foot, six-story building at 2101 S. Wabash Ave, which L’Oreal owns and plans to sell.
(Hat tip: AL!)