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The Unkindest Cut at Avon

Will eliminate 600 jobs as part of turnaround.

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By: TOM BRANNA

Editor

Sometimes, it's tough to turnaround when you're in a dead end. But that's what Avon Products' management is determined to do and the company will eliminate 600 jobs in an attempt to get headed in the right direction. The cuts will come, primarily, in the corporate organization and the North American business unit. Total charges to be recorded as a result of these actions are expected to be approximately $45 million to $50 million before taxes, with approximately $40 million...

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