10.18.10
Corporate executives are usually loathe to cut workers in December. Not Avon. As part of its previously announced restructuring plans, Avon Products Inc. will begin to lay off manufacturing workers in its Springdale, Ohio, facility in December. Avon plans to close the factory by mid-2012. The closure is expected to affect 400 employees. Avon announced the plan to close the plant in July 2009, stating that production would shift to its manufacturing sites in Morton Grove, IL, and Celaya, Mexico, and to contract manufacturers.
At the time of the announcement, Charles Cramb, vice chairman and chief finance and strategy officer, said, “The initiatives announced today result from our ‘constant turnaround mentality’ and reflect our continuing determination to transform our cost structure, improve operating efficiencies and be a stronger competitor globally.”
At the time of the announcement, Charles Cramb, vice chairman and chief finance and strategy officer, said, “The initiatives announced today result from our ‘constant turnaround mentality’ and reflect our continuing determination to transform our cost structure, improve operating efficiencies and be a stronger competitor globally.”