Estee Lauder to Hire More Black Employees in Next 5 Years

Estee Lauder Cos. plans to hire more black employees, buy more from black-owned businesses and expand diversity training programs after employees raised concerns about race relations within the company.

“Some of these actions will be immediate, others will take some time, but all will be impactful,” Executive Chairman William Lauder and Chief Executive Officer Fabrizio Freda wrote in the memo to staff.

The moves come after a group of more than 100 employees sent a letter to the chairman calling for the removal of family heir and board member Ronald Lauder over his support of President Donald Trump. They said his high-profile involvement in the company puts a strain on race relations within the company. Lauder donated at least $1.6 million to pro-Trump organizations since rejoining the Estee Lauder board in 2016, according to federal disclosures.

The cosmetics company has also committed to more than double sourcing from black-owned businesses over the next three years and expand product lines to include more shades and formulas.

News Source : Bloomberg



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