HBW Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Avon to cut jobs

This article was originally published in The Rose Sheet

Executive Summary

Avon expects to reduce its workforce by 8% over next two years with business transformation initiatives, direct-seller says in March 18 Securities and Exchange Commission filing. Cuts will impact about 3,500 of Avon's nearly 44,000 employees. Avon took a $68.3 mil. after-tax charge in fourth quarter relating to organization realignments and facility closings (1"The Rose Sheet" Feb. 11, 2002, p. 10). Company expects to see annual savings of $30 mil. beginning in 2002 from the restructuring. Avon spent $97.2 mil. on advertising in 2001, up 5.2% over 2000 levels; while R&D expenditures rose 6.5% to $45.9 mil...
Advertisement

Related Content

Advertisement
UsernamePublicRestriction

Register

RS010134

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel