Ceo, Job Cuts | featured news

Avon is eliminating more than 400 positions and abandoning or restructuring smaller or underperforming businesses in Africa, the Middle East and Europe, including an exit from Ireland. The company said Monday that the job cuts, which equate to about 1 percent of Avon's 39,100 employees, will occur across all regions and segments. It is part of a turnaround plan under CEO Sheri McCoy, with the goal of achieving mid-single digit percentage revenue growth and $400 million in cost savings by 2016.

An index measuring the expectations of 107 CEOs from among the nation's largest companies was at its highest level this year, with more than half expecting sales to grow in the next six months - but their outlook for capital spending remained stagnant, and 40 percent predicted more job cuts....