Avon Plans to Cut 650 Jobs as McCoy Seeks to Trim Costs
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Avon Products Inc., the world’s largest door-to-door cosmetics seller, plans to cut 650 jobs as part of its plan to trim $400 million in costs.
The cuts and other actions, which will be completed next year, will result in charges of as much as $45 million before taxes, with about $35 million recorded in the fourth quarter of 2013, the New York-based company said today in a filing.