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Jul 022014 Gossip
 

AVON

AVON continues its company restructuring by announcing that it will axe another 600 jobs as it looks to cut costs. The cosmetics firm is trying to trim $400 million in spending by 2016 and says that the latest cuts should contribute $50-55 million in annual savings. The announcement comes after the company reported an 11% Q1 sales drop, and the cuts are expected to largely take place “in the corporate organization and North America business unit.”

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  One Response to “AVON cuts 600 more jobs
in North America”

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