Tuesday, January 8, 2008

Avon calling no more?



Avon, the brand leader in women's beauty products is planning to shed some 2400 jobs as a result of its restructuring. The restructuring plans have proves a bit costly to Avon and as a result it is shedding some 2400 jobs, all across the board.
Coming at a time when the unemployment is high in the United states and with the economy being the way it is, one would not be all that surprised if Avon was to move over to India and just set up a back end here in the United states.
These are the days when the nickel and dimes are more important and the recent restructuring plans of Avon will save it a cool 240 million$. Of course, once they are on the road to cutting costs it is not going to be all that long before Avon moves altogether to a country like India where the costs are quite minimal in spite of the recent tumble in the Dollar values versus the Rupee!

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