Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Germany (Neufahrn), Spain (Alcala de Henares)
Sector
Manufacturing
Manufacture Of Chemicals And Pharamceuticals
Manufacture Of Chemicals And Chemical Products
20.4 - Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations

2,400 jobs
Number of planned job losses
Job loss
Announcement Date
9 January 2008
Employment effect (start)
Foreseen end date
31 December 2012

Description

Avon, a global cosmetics producer, has announced that it is to cut 2,400 jobs worldwide by 2011-2012. The company currently employs 4,000 and expects to achieve annual savings of approximately USD 430 million once the restructuring plan is fully implemented. The restructuring is designed to cut costs and improve productivity. Avon said that the company has entered into required formal consultation processes with employee representatives.


Sources

  • 9 January 2008: Hospod├írske noviny

Citation

Eurofound (2008), Avon, Internal restructuring in World, factsheet number 66162, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66162.