More job cuts.
http://biz.yahoo.com/ap/080108/avon_job_cuts.html
Avon to Cut 2,400 Jobs
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Avon Products Inc. on Tuesday said it will cut 2,400 jobs as part of its multiyear restructuring plan, which will cost more than originally expected and ultimately save the beauty-products maker $430 million annually.
About 4,000 jobs globally will be cut by the restructuring, but new jobs will be created, resulting in a net reduction of 2,400 jobs.
The company's new Brazilian plant, expected to open in 2010, will employ about 1,300. Avon will phase out its current distribution site in Sao Paulo, Brazil, in 2011, which employs 1,700 people.
Avon will cut an undisclosed number of jobs in Continental Europe, particularly in Germany, over the next two years
About 4,000 jobs globally will be cut by the restructuring, but new jobs will be created, resulting in a net reduction of 2,400 jobs.
The company's new Brazilian plant, expected to open in 2010, will employ about 1,300. Avon will phase out its current distribution site in Sao Paulo, Brazil, in 2011, which employs 1,700 people.
Avon will cut an undisclosed number of jobs in Continental Europe, particularly in Germany, over the next two years
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