 |
COSTA RICA |
| |
Amway To Move Functions To Costa Rica
Amway says it will cut jobs in North America
as part of an effort to consolidate its
finance division, which consolidation will
happen in Costa Rica, where new jobs will be
created.
The company didn't mention that in a
statement announcing the job cuts in North
America. Instead, company executives
emphasized that they would work to minimize
the impact of the cuts. They say they hope
to use early retirements and transfers to
limit the number of layoffs.
Amway spokesman Rob Zeiger says the company
hopes to save money by transferring some of
its finance operations to Costa Rica.
A confidential company memo published last
month in the Grand Rapids Press says central
Europe and Asia may also pick up some of the
finance work now being handled in other
areas.
Amway is a direct selling company and
manufacturer that uses multi-level marketing
to sell a variety of products, primarily in
the health & beauty industry. Amway was
founded in 1959 by Jay Van Andel and Richard
DeVos. Based in Ada, Michigan, the company
and family of companies under Alticor
reported sales growth of 15%, reaching
US$8.2 billion for the year ending December
31, 2008.
Its product lines include home care
products, personal care products, jewelry,
electronics, Nutrilite dietary supplements,
water purifiers, air purifiers, insurance
and cosmetics. In 2004, Health & Beauty
products accounted for nearly 60% of
worldwide sales. Amway conducts business
through a number of affiliated companies in
more than ninety countries and territories
around the world.
It is ranked by Forbes as one of the largest
private companies in the United States and
by Deloitte as one of the largest retailers
in the world.
|
|
|
|
|
| |
|
|
|
|
|
|
