Avon to Cut 2,500 Jobs and Move Headquarters to Britain

“The cosmetics maker Avon Products has said that it will cut about 2,500 jobs worldwide and shift its corporate headquarters to Britain as part of a three-year turnaround plan. Shares in Avon, an American company, were up nearly 4 percent to $4.55 in extended trading, after the announcement late Monday.” Read more at The New York Times.