Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue December 2014
 •  Antitrust Regulator in France Fines Major Companies  •  Paradigm Science’s Cervino Wins Award  •  Aquaphor Taps Brooke Burke  •  Shea Radiance Gets A Makeover  •  A Sustainable P&G
Print

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



Published August 6, 2007
Related Searches: avon products anti
Post a comment
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.


blog comments powered by Disqus