The world's largest company on direct sale of cosmetics of Avon Products will reduce 1,2 thousand workplaces by 2013 within restructuring. Such data contain in extended today a press - company release.
Reduction of expenses is necessary for Avon in connection with decline in demand for cosmetics in the conditions of recession of world economy. The company counts that by 2012-2013 restructuring will allow to save about 200 million dollars annually, thus costs for carrying out transformations are estimated at 300-400 million dollars
Avon Products Inc company. - leading company on the cosmetics sale, carrying out the activity more than in 100 countries. The most known brands of the company: Avon Color, Anew, Skin-So-Soft, Avon Solutions, Avon Naturals. The net profit of the company in the I quarter 2009 decreased by 36% - to 117,3 million dollars against 184,7 million dollars for the similar period of 2008. The revenue decreased by 13% and made 2,16 billion dollars in comparison with 2,48 billion dollars for the I quarter 2008