Avon Products Says it Will Cut 600 More Jobs
Avon Products said Monday that it will cut another 600 jobs as it tries to reduce its spending. The company said most of the eliminated jobs will be in its corporate organization and its North American business. Avon had 36,700 employees at the end of 2013. Avon Products Inc. is the world’s largest direct seller of cosmetics, but its sales have been steadily dropping. Under Sheri McCoy, who became CEO in 2012, Avon has cut costs, slashed thousands of jobs and left unprofitable markets.