Avon Products, Inc. To Create Leaner New York Operations
AVON PRODUCTS (AVP)
Last avon products earnings: 10/31 06:45 am
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Source: PR Newswire
LONDON, Sept. 19, 2018 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) announced that as a further step in its ongoing plan to streamline the business to fuel growth, the Company plans to consolidate its U.S. operations into its existing facilities in Suffern, New York. This will include the sale of the Company's offices in Rye, New York, which is projected to be completed in 2019. The planned consolidation will also include workforce reductions of approximately 100 positions, consistent with the Company's previous restructuring disclosures. "With Avon's international focus, simplifying our U.S. operations is a logical next step in providing fuel for growth, and a further example of our commitment to improve Avon's performance and become more fit for purpose," said Jan Zijderveld, Avon CEO. "While decisions like these that impact our employees are never easy, we will manage the transition in a respectful and sensitive manner. I wish to thank all of our colleagues for their dedication
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