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Avon Products Inc. announced it plans to cut 2,400 jobs as part of a multi-year restructuring plan.
January 8, 2008
By: TOM BRANNA
Editor
Avon Products Inc. announced it plans to cut 2,400 jobs as part of a multi-year restructuring plan, which will ultimately save the company $430 million annually. The company said that it expects to incur a charge of approximately $120 million in the fourth quarter 2007. Included in this charge are: restructuring of some international direct selling operations, most significantly in Germany; realigning supply chain operations in Western Europe and Latin America; outsourcing call centers and tr...
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