Avon to Eliminate 400 Jobs, Leave Ireland in Cost Cut Plan
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Avon Products Inc., the door-to-door cosmetics seller, will exit Ireland and cut 400 jobs worldwide as part of a plan to save $400 million by 2016.
Operations in smaller, underperforming markets, primarily in Europe, the Middle East and Africa, will be restructured or closed, the New York-based company said today in a statement. Avon expects $35 million to $40 million in pretax costs and about $20 million will be booked in the first quarter.