Cosmetics marketer Avon is exiting the Republic of Ireland and
cutting more than 400 jobs worldwide as part of its restructuring
programme. The move is aimed at boosting the business’s
efficiencies and concentrating resources on high-priority markets
and activities. The changes are expected to generate up to $50
million in savings when fully implemented.
Quick to capitalise on Avon’s exit, Swedish direct selling
company Oriflame says it will invest heavily in Ireland “to
show its commitment to the country”. Oriflame, which has
been present in the republic since 1972, has expanded at a rate
of 40 percent over the past 12 months and hopes to create nearly
2,000 new jobs over the next two years, taking its consultant
numbers to 5,000.
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