Avon Announces Cuts

http://www.bloomberg.com/news/2012-12-12/avon-to-cut-1-500-jobs-exit-south-korea-vietnam.html

Avon Products Inc. (AVP), the world’s largest door-to-door cosmetics seller, will cut about 1,500 jobs globally and exit South Korea and Vietnam as part of plan to save $400 million by the end of 2015.