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June 6, 2006
By: TOM BRANNA
Editor
Avon Products Inc. said it plans to log between $8 million and $12 million in charges before taxes for the layoff of certain employees. Avon also said in the Securities and Exchange Commission filing that it expects to announce additional exit and disposal costs. Late last month, the New York-based company said it will lay off more than 900 employees as part of its ongoing restructuring program. The company disclosed it would record charges of $25 million to $30 million as a result of the layoffs. The company has said it expects its full restructuring program to cost up to $500 million.
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