Struggling cosmetic firm Avon Products Inc. is cutting more than 400 jobs and leaving Ireland as it continues efforts to slim down amid profit plunges and other troubles.
Avon said the job cuts, which account for about 1% of its global workforce, will be “spread across all regions and functions.”
The New York firm also said Monday it's restructuring or closing operations in some "smaller, underperforming markets" in the Middle East, Africa and Europe.
“We continue to work aggressively toward turning around the business,” Avon Chief Executive Officer Sheri McCoy said in a statement. “The steps outlined today take us closer to our cost-savings goal. At the same time, we remain focused on continuing to streamline the business and driving top-line growth.”