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Avon to cut 4 pct of jobs in global restructuring

By BREE FOWLERMAE ANDERSON
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NEW YORK (AP) — Avon Products plans to cut about 1,500 jobs and exit two Asian markets, as the struggling beauty products seller starts on a broad restructuring plan in an effort to turn around results.

The job cuts amount to almost 4 percent of its workforce and mark one of the first major moves by CEO Sheri McCoy. McCoy was brought on in April to replace longtime CEO Andrea Jung at Avon, a direct seller of beauty products like Skin So Soft lotion and Mark cosmetics.

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