Avon Restructures in Europe,Latin America;Expected Savings Now 430 Mil

摘要

Avon is capping off its restructuring program with initiatives that will help the firm achieve annualized savings of 430 million by 2012,the firm announces January 8.The latest initiatives largely involve the firm's sales,manufacturing and distribution operations in European and Latin American markets,impacting roughly 4,000 positions worldwide and reducing Avon's employee headcount by approximately 2,400.