Avon to cut jobs as part of restructure
Avon Products Inc is to reduce its global workforce by 1,200 by 2013 as part of restructuring actions under the 2009 programme that it announced in February. The job cuts are the result of an improvement strategy that includes a realignment of Avon’s global supply chain and manufacturing footprint, and an improvement in the effectiveness of the company’s operating model.
Avon Products Inc is to reduce its global workforce by 1,200 by 2013 as part of restructuring actions under the 2009 programme that it announced in February. The job cuts are the result of an improvement strategy that includes a realignment of Avon’s global supply chain and manufacturing footprint, and an improvement in the effectiveness of the company’s operating model.
North America’s Springdale, Ohio site faces closure in 2012, while Avon’s manufacturing facility in Neufahrn, Germany will phase-out operations by mid 2011. The company also plans to improve processes in Russia and intends to reconfigure equipment and streamline operations at its Naro Forminsk facility.
Avon expects total costs to implement the initiatives approved to date to be around $165m. According to Charles Cramb, Avon’s vice chairman, chief finance and strategy officer the company is “on track” to achieve its target of approximately $200m in total annualised savings by 2012-2913.