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Avon to Fire 1,300 Workers by End of 2006

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By: TOM BRANNA

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Avon Products Inc., New York, NY, said that it is getting rid of 1,300 employees by the end of the year. The company also noted that it would record $70 million in charges in the first quarter in connection with its previously announced restructuring. The company pointed said that a board committee approved terminating the positions to remove layers from the organization, as well as initiatives to exit certain unprofitable operations. According to its annual report, Avon employed 49,000 fu...

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