By  on June 24, 2014

Avon Products Inc.’s ongoing $400 million cost-cutting program will result in the elimination of another 600 positions, principally in its corporate organization and North American business unit.

Avon expects to record related charges of $45 million to $50 million before taxes, with about $40 million of the sum to be recorded during the second quarter of 2014. The cutbacks should result in annual savings of $50 million to $55 million.

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