Breaking News

Avon To Make Job Cuts, Take $5 Million in Charges

August 6, 2007

Avon Products Inc. announced it will cut jobs and take $5 million in charges as part of a restructuring effort.

The company said it would terminate an undisclosed number of employees and outsource some services, a move expected by the end of 2008, according to a filing with the Securities and Exchange Commission.

The restructuring effort is anticipated to cost about $500 million and began in 2005. Avon expects to record charges, most of which will result in future cash expenditures, of about $5 million before taxes for employee-related costs related to the plan. Avon said the company expects to announce further exit and disposal costs in the future.
  • It’s Magic!

    It’s Magic!

    Melissa Meisel, Associate Editor||March 20, 2017
    Argan oil-infused ‘Moroccan’ lip care brand jumps from WholeFoods into CVS.

  • On the Cutler Edge

    On the Cutler Edge

    Melissa Meisel, Associate Editor||March 13, 2017
    Top brand source at Redken forecasts up-to-the-minute hair trends.

  • Take The Hint

    Take The Hint

    Christine Esposito, Associate Editor||March 13, 2017
    Water brand forays into sun protection by capitalizing on scent and experience.

  • Supply-Side Innovations

    Supply-Side Innovations

    Tom Branna, Editorial Director||March 1, 2017
    Raw material suppliers roll up their sleeves and roll out their new products for the global cleaning industry.

  • New Faces in Familiar Places

    New Faces in Familiar Places

    Tom Branna, Editorial Director||March 1, 2017
    The American Cleaning Institute officially welcomed its new president.

  • Special Delivery

    Special Delivery

    Tom Branna, Editorial Director||March 1, 2017
    UV protection is important, but what good is that sunscreen if consumers won’t apply it?