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Avon Products Inc Announces Reduction Of Headcount And Closure Of Underperforming Markets; Sees Q1 2013 Charge

Monday, 8 Apr 2013 07:15am EDT 

Avon Products Inc announced that its latest actions include a global headcount reduction of more than 400 associates across all regions and functions, and the restructuring or closure of certain smaller, underperforming markets, primarily in Europe, Middle East & Africa, including the exit of the Republic of Ireland market. The Company expects these actions to be largely completed before the end of 2013. The Company also announced that for first quarter of 2013, it expects charges related to these actions to be in the range of $35 to $40 million before taxes and that approximately $20 million of that total will be recorded. 

Company Quote

-0.07 -0.75%
24 Dec 2014