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12/12/2012
Avon To Axe 1,500 Jobs
Avon is to cut 1,500 jobs in a bid to save costs.
The cosmetics group will pull out of South Korea and Vietnam as part of a plan to save $400m.
Sheri McCoy, the chief executive, announced the news to counteract legal and operational troubles and falling sales and profits.
Avon said in a statement: "These actions are aimed at concentrating resources on high priority markets and activities and boosting efficiencies and are expected to be largely completed before the end of 2013."
(GK)
The cosmetics group will pull out of South Korea and Vietnam as part of a plan to save $400m.
Sheri McCoy, the chief executive, announced the news to counteract legal and operational troubles and falling sales and profits.
Avon said in a statement: "These actions are aimed at concentrating resources on high priority markets and activities and boosting efficiencies and are expected to be largely completed before the end of 2013."
(GK)
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Northern Ireland WeatherToday:A cloudy day with a little light rain or drizzle at times, but some spells of drier weather too. The north coast may become somewhat brighter later this afternoon. Maximum temperature 11 °C.Tonight:Cloudy and patchy light rain will slowly clear away this evening. Then the rest of the night will be dry with broken cloud. Westerly winds freshening in the early hours. Minimum temperature 6 °C.
