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Avon to cut 1200 jobs by 2012-2013 under restructuring
23 Jul '09
4 min read
In Russia, the company said that it is planning to improve processes, reconfigure equipment and streamline operations at its facility in Naro Forminsk in order to meet increasing demand more cost-effectively.
Operating Model Effectiveness. Also included in the second-quarter 2009 charge are costs to continue improving Avon's operating model effectiveness in Latin America and Western Europe. In Latin America, the company said that it plans to regionalize commercial marketing and leverage other key business support functions such as sales support, supply chain and administration across multiple markets.
Avon also said that it plans to integrate its commercial marketing departments in the U.K. and Spain to create a single consolidated commercial marketing organization to better serve the company's markets across Western Europe, the Middle East and North Africa.
"The initiatives announced today result from our 'constant turnaround mentality' and reflect our continuing determination to transform our cost structure, improve operating efficiencies, and be a stronger competitor globally as we drive Avon's turnaround strategies and address the current macro-economic challenges," Mr. Cramb said.
Operating Model Effectiveness. Also included in the second-quarter 2009 charge are costs to continue improving Avon's operating model effectiveness in Latin America and Western Europe. In Latin America, the company said that it plans to regionalize commercial marketing and leverage other key business support functions such as sales support, supply chain and administration across multiple markets.
Avon also said that it plans to integrate its commercial marketing departments in the U.K. and Spain to create a single consolidated commercial marketing organization to better serve the company's markets across Western Europe, the Middle East and North Africa.
"The initiatives announced today result from our 'constant turnaround mentality' and reflect our continuing determination to transform our cost structure, improve operating efficiencies, and be a stronger competitor globally as we drive Avon's turnaround strategies and address the current macro-economic challenges," Mr. Cramb said.
Avon Products Inc
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